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SIA revived
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alleyboy
Veteran |
13-Jan-2021 19:04
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Despite of the US bonds, still heading North. 
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Trader130
Supreme |
13-Jan-2021 18:27
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These 2 weeks trading days up is it ?
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Trader130
Supreme |
13-Jan-2021 17:44
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Which countries can perchase bond ?
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Isolator
Supreme |
13-Jan-2021 17:11
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Long to enjoy... 6.8 | ||||
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joannetay29
Member |
13-Jan-2021 16:43
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SIA launches first US dollar bond, attracts demand for over $2 billionhttps://www.straitstimes.com/business/companies-markets/singapore-airlines-launches-us-dollar-debt-debut |
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Bic_cherry
Member |
13-Jan-2021 14:19
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The MCB have a redemption table for redemption at 20 (6 monthly) time points. For the first 19, the only option is payment in cash (principal and accrued interest). The interest rate is between 4-6%, compounded till the date of the MCB redemption. On the chart, a 10 years old MCB will yield $1.81 if repaid in cash.
Answer to your question is yes. Even if the SIA share price is $3.00 in June 2030, the MCB will still be converted to shares at the MCB cash value to shares exchange rate of $4.84/ share, mitigated by the fact that the MCB will have a notional value of $1.81 each.
So SIA shares need to be above $4.84 for the MCB holders to obtain the target interest rate of 4-6% compounded interest. Otherwise, they will just receive ' rubbish' SIA shares, worth much less than the ideal 4-6% annual compounded interest rate if MCB were not converted to shares.
But please note that the MCB holders have only paid equivalent of $2.68 per SIA share, so even if SIA share price is $3 after the repayment of MCB by way of share scripts in 2030, they would have earned 32¢ over 10 years for each SIA share obtained in exchange ( or 11.94¢ for each IPO MCB they bought for $1 and that they held for 10 years, only to sell the SIA shares returned in lieu of MCB investment for $3/ SIA share).
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112233
Master |
13-Jan-2021 13:51
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slowly but surely.
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112233
Master |
13-Jan-2021 13:36
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march towards March.
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TA_Expert
Supreme |
13-Jan-2021 13:30
Yells: "The World has changed" |
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Singapore Airlines launches US dollar debt debut. Investors continue to support the arline. |
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vicloo
Supreme |
13-Jan-2021 11:14
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Your username confuses me... by the way "Singpost" stock gap up today too 😁
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ffff152100ffff
Master |
13-Jan-2021 11:10
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x 0 Alert Admin |
sia price look good for today | ||||
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Value_finder
Member |
13-Jan-2021 09:21
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What happen when the share price is below 4.84 come 2030? Will the mcb be converted to shares and given to mcb holders at 4.84 even if the price then is say 4?
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alleyboy
Veteran |
13-Jan-2021 09:18
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But still head North.
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Singpost
Master |
13-Jan-2021 08:27
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x 0 Alert Admin |
depletion of fund nearer day by day | ||||
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Trader130
Supreme |
13-Jan-2021 08:26
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来 咯
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Starship
Supreme |
12-Jan-2021 22:36
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SIA staff to get Covid-19 vaccine from Jan 13 UPDATED 1 HOUR AGO SINGAPORE - Singapore Airlines (SIA) staff have been offered Covid-19 vaccinations by the Government, in the latest step forward in Singapore' s vaccination exercise. The carrier is believed to be the first in the world to offer its staff the option to get vaccinated against the coronavirus. An SIA spokesman said on Tuesday (Jan 12) evening that the vaccine is available to Singapore-based staff who are currently on a rostered routine testing programme which requires them to be regularly tested for the Covid-19 virus. " Those who are eligible include cabin crew, pilots, airport-based staff whose job requires them to interact with passengers, and selected engineering staff," said the spokesman. " Participation is voluntary, and the SIA Group strongly encourages all eligible staff to take up this offer." The vaccination exercise will start on Wednesday at the arrival hall of Changi Airport Terminal 4. Singapore&rsquo s nationwide vaccination drive began on Dec 30 last year. Among those who have been vaccinated so far are Prime Minister Lee Hsien Loong, healthcare workers and Home Team officers. The country&rsquo s chief health scientist, Professor Tan Chorh Chuan, has said that Covid-19 vaccination centres, which allow a large number of people to be vaccinated daily, will be ready soon. He added that vaccinations will also be given at polyclinics and general practitioner clinics. An SIA cabin crew member and a pilot had last month tested positive for Covid-19, which resulted in the announcement by the authorities that crew members of Singapore carriers will have to undergo stricter Covid-19 control measures with immediate effect. The Civil Aviation Authority of Singapore (CAAS) said then that it was tightening measures to ensure the safety and well-being of air crew and to safeguard public health in Singapore. " Air crew face considerable risks in the course of their duties. They do so because it is critical for Singapore to maintain air connectivity. Many essential supplies, such as vaccines, can only be delivered by air. Singaporeans overseas and other essential travellers need to be able to travel to and from Singapore," it added. https://www.straitstimes.com/singapore/transport/sia-staff-to-get-covid-19-vaccine-from-jan-13  |
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SAVIORFOREVER
Supreme |
12-Jan-2021 16:42
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YZJ is giving dividends.
Buy SIA can buy 4 YZJ. Trade with awareness and DYODD |
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112233
Master |
12-Jan-2021 16:37
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x 0 Alert Admin |
so that some of us can jeep. haha
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112233
Master |
12-Jan-2021 16:35
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not unexpected. those no holding power, dont buy hor.
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Bic_cherry
Member |
12-Jan-2021 15:04
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MCB conversion price is $4.84. If SIA share price is above $4.84, them the MCB price by now should be already approx $1.03 at least or even much more, above the redemption price since any outcome would be good for MCB holders (get share at $4.84 when price is above $5 in May 2030, or else get 4-6% compounded in interest if MCB is early redeemed as bond). Last traded MCB today is $0.963/ piece, way off the mark for its present redemption price according to redemption price table/ chart. Please buy more MCB if u think SIA is worth above $5.
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