Factsheet | SIASP 2.700% 30Jan2036 Corp (SGD)


Bond Name		SIASP 2.700% 30Jan2036 Corp (SGD)
Bond Issuer		Singapore Airlines Limited
Guarantor		-
ISIN		SGXF40711164
CUSIP		YI1891393

Issue Details

Cashflow Analysis


Currency	SGD
Coupon Rate	2.7
Coupon Type	Fixed
Coupon Frequency	Semi Annually
Seniority	Senior Unsecured

Issue Date	29 Jan 2026
Issue Price	100.000
Next Call Date	29 Oct 2035
Years to Next Call	9.253
*Call Price	100.000
Maturity Date	29 Jan 2036
Years to Maturity	9.505
^Redemption Price	100.000

Issue Size	SGD	500,000,000
Min Investment Qty	SGD	250,000
Incremental Quantity	SGD	250,000
Issuer Rating (S&P)	***
Issuer Rating (Fitch)	N.R
Bond Rating (S&P)	***
Bond Rating (Fitch)	N.R
Exchange Listed	SGX


*If Called	29 Oct 2035
Date	Coupon Amount	Nominal Amount
29 Oct 2035	1,687.50
29 Jul 2035	3,375.00
29 Jan 2035	3,375.00
29 Jul 2034	3,375.00
29 Jan 2034	3,375.00
29 Jul 2033	3,375.00
29 Jan 2033	3,375.00
29 Jul 2032	3,375.00
29 Jan 2032	3,375.00
29 Jul 2031	3,375.00
29 Jan 2031	3,375.00
29 Jul 2030	3,375.00
29 Jan 2030	3,375.00
29 Jul 2029	3,375.00
29 Jan 2029	3,375.00
29 Jul 2028	3,375.00
29 Jan 2028	3,375.00
29 Jul 2027	3,375.00
29 Jan 2027	3,375.00	250,000.00
Total	62,437.50	250,000.00

^Upon Maturity	29 Jan 2036
Date	Coupon Amount	Nominal Amount
29 Jan 2036	3,375.00
29 Jul 2035	3,375.00
29 Jan 2035	3,375.00
29 Jul 2034	3,375.00
29 Jan 2034	3,375.00
29 Jul 2033	3,375.00
29 Jan 2033	3,375.00
29 Jul 2032	3,375.00
29 Jan 2032	3,375.00
29 Jul 2031	3,375.00
29 Jan 2031	3,375.00
29 Jul 2030	3,375.00
29 Jan 2030	3,375.00
29 Jul 2029	3,375.00
29 Jan 2029	3,375.00
29 Jul 2028	3,375.00
29 Jan 2028	3,375.00
29 Jul 2027	3,375.00
29 Jan 2027	3,375.00	250,000.00
Total	64,125.00	250,000.00

What You Paid

What You Get


Transaction Date		31 Jul 2026
Settlement Date		13 Aug 2026
Nominal Value	SGD	250,000.00
Bond Price	SGD	100.783
Accrued Interest	SGD	258.91
Processing Rate		0.35%
Processing Fee (0.35%)	SGD	875.00
GST (9.00%)	SGD	78.75
Processing Fee+GST	SGD	953.75
WAC	SGD	101.165
Total Investment	SGD	253,170.16


*If Called	62,437.50	250,000.00

Total Cashflow	SGD	312,437.50
Net Cash Return	SGD	59,267.34

Indicative Yield to Call		2.339%

^Upon Maturity	64,125.00	250,000.00

Total Cashflow	SGD	314,125.00
Net Cash Return	SGD	60,954.84

Indicative Yield to Maturity		2.343%

Bond Feature(s)

https://fsm.global/sg/bonds/factsheet/YI1891393/SIASP-2-700-30Jan2036-Corp-SGD-

Notes:

1) Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.

2) Indicative Yields shown are net of fees.

Bond Information

Singapore Airlines Limited provides air transportation, engineering, pilot training, air charter, and tour wholesaling services. The Company's airline operation covers Asia, Europe, the Americas, South West Pacific, and Africa.

Bond Issuer

Singapore Airlines Limited

Guarantor

Announcement Date

19 Jan 2026

Issue Date

29 Jan 2026

Maturity Date / Next Call Date

29 Jan 2036 / 29 Oct 2035

Years to Maturity / Next Call

9.505 / 9.253

Issue/Reoffer Price

100.000

Issue/Reoffer Yield

2.700

Coupon Type

Fixed

Annual Coupon Rate (%)

2.7

Annual Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Exchange Listed

SGX

Reference Rate

ISIN

SGXF40711164

CUSIP

YI1891393

Bond Currency

SGD

Total Issue Size

SGD 500,000,000

Minimum Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Registration

Wholesale

Bond Type

Corporate

Bond Sector

Industrials

Bond Sub Sector

Airlines

Issuer Credit Rating (S&P/ Fitch)

***/N.R

Bond Credit Rating (S&P/ Fitch)

***/N.R

Shariah Compliant

W-8BEN Declaration needed

Bond Feature(s)

Make-Whole Call

Prior to (and excluding) 30 October 2035, the Company may, on giving not less than ten business days’ irrevocable notice to the Noteholders in accordance with Condition 13 and to the Trustee, the Issuing and Paying Agent, the Registrar, and the Determination Agent in writing, redeem the Notes, in whole or in part, at any time and from time to time (such date of redemption, the “Make-Whole Redemption Date”), at the Make-Whole Redemption Price (as determined by the Determination Agent).

The “Make-Whole Redemption Price” means an amount equal to the greater of:

(a) (i) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Make-Whole Redemption Date (assuming the Notes matured on the Par Call Date), less (ii) interest accrued to the Make-Whole Redemption Date; and

(b) 100 per cent. of the outstanding aggregate principal amount of Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding, the Make-Whole Redemption Date.

Par Call: 3 months

Issuer Call

On or after 30 October 2035 (being the date falling three months prior to the Maturity Date) (the “Par Call Date”), the Company may, on giving not less than ten business days’ irrevocable notice to the Noteholders in accordance with Condition 13 and to the Trustee, the Issuing and Paying Agent and the Registrar in writing, redeem the Notes, in whole or in part, at any time and from time to time, at a redemption price equal to 100 per cent. of the outstanding aggregate principal amount of the Notes being redeemed together with interest accrued and unpaid up to (but excluding) the date fixed for redemption.

Par Call: 3 months

Price History

(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file

DATE	BID PRICE	ASK PRICE	ASK YIELD (CALL)	ASK YIELD (MATURITY)

30 Jul 2026	100.000	100.783	2.604	2.606
29 Jul 2026	99.983	100.767	2.606	2.608
28 Jul 2026	100.033	100.817	2.600	2.602
27 Jul 2026	100.033	100.817	2.600	2.602
26 Jul 2026	100.033	100.817	2.600	2.602
23 Jul 2026	99.850	100.517	2.636	2.638
22 Jul 2026	100.200	100.700	2.614	2.616
21 Jul 2026	100.567	101.067	2.570	2.573
20 Jul 2026	100.567	101.067	2.570	2.573
19 Jul 2026	100.567	101.067	2.570	2.573

Total of 66 entries

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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Credit Rating

There are no credit rating changes for this bond for the past 3 years.

BOND NAME ISSUER	MATURITY DATE / NEXT CALL DATE	ASK PRICE	ASK YTM / YTW	BOND CREDIT RATING (S&P/FITCH)	action

SIASP 5.250% 21Mar2034 Corp (USD) Singapore Airlines Limited	20 Jan 2034 (Next Call Date)	100.505	5.167% p.a.	***/N.R	TRANSACT
SIASP 3.500% 02Dec2030 Corp (SGD) Singapore Airlines Limited	01 Dec 2030	105.000	2.280% p.a.	***/N.R	TRANSACT
SIASP 3.375% 19Jan2029 Corp (USD) Singapore Airlines Limited	18 Nov 2028 (Next Call Date)	96.958	4.698% p.a.	***/N.R	TRANSACT
SIASP 3.130% 23Aug2027 Corp (SGD) Singapore Airlines Limited	22 Aug 2027	101.519	1.676% p.a.	***/N.R	TRANSACT
SIASP 3.130% 17Nov2026 Corp (SGD) Singapore Airlines Limited	16 Nov 2026	100.484	1.433% p.a.	***/N.R	TRANSACT
SIASP 2.380% 30Jun2031 Corp (CNH) Singapore Airlines Limited	29 May 2031 (Next Call Date)	101.943	1.955% p.a.	***/N.R	TRANSACT

Remark

*Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
T = Transaction Date
The Order processing time refers to the order completion and reflected in your account.
^The Purchase date will be based on T date

Platform Charge

For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note

All fees and commission quoted are exclusive of Goods and Services Tax (GST).
Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained

EDIT

Est. Payable Amount

SGD 253,170.16

Years to Call

9 years 2+ months

Est. Total Income

SGD 62,437.50

2.339%

Indicative Cash Flow

Nominal Value

SGD 250,000.00

2035
Oct
Coupon
SGD 1,687.50
Early Redemption
SGD 250,000.00
Jul
Coupon
SGD 3,375.00
Jan
Coupon
SGD 3,375.00
2034
Jul
Coupon
SGD 3,375.00
Jan
Coupon
SGD 3,375.00

Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.

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