SIA to Adjust Conversion Prices of 1.625% Convertible Bonds Due 2025 After Interim Dividend
Shares in SIA closed 6 cents higher or 0.96% up at $6.29 on Nov 26.
Singapore Airlines (SIA) will adjust its conversion price of its 1.625% convertible bonds due 2025 to $4.8945 after it declared an interim dividend of 10 cents per share for the 1HFY2025 ended Sept 30.
The conversion price, which was adjusted from $4.9714 previously, will take effect from Nov 27. The record date for the interim dividend was at 5pm on Nov 26.
SIA has about $849.75 million worth of convertible bonds as at Nov 26.
The last time the airline adjusted its conversion price was in August this year after the payment of its final dividend for the previous financial year.
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