7 June 2021

Allen & Gledhill advised Singapore Airlines Limited (“SIA”) on the renounceable rights issue of mandatory convertible bonds to raise approximately S$6.2 billion (“Rights Issue”). Proceeds will be used to fund capital and operational expenditure requirements.

DBS Bank Ltd. (“DBS”) was appointed sole lead manager for the Rights Issue.

Through a separate team, we advised DBS on the Rights Issue.

The Rights Issue was (at the time of its launch) Singapore’s largest rights issue in 2021.

Advising SIA were Allen & Gledhill Partners Leonard Ching, Lim Mei, Hilary Low, Magdalene Leong, Sunit Chhabra and Counsel Alvin Zhuang.

Advising DBS were Allen & Gledhill Partners Tan Tze Gay and Wu Zhaoqi.

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