Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock
Share:
SINGAPORE (Reuters) - Singapore Airlines (SIA) said it would tap existing investors for up to S$15 billion ($10.48 billion) (8.61 billion pounds) of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak, sending shares down as much as 10.5% on Friday.The fundraising is being underwritten by the airline's biggest investor, state-owned Temasek Holdings, which owns about 55% of the group."This is an exceptional time for the SIA Group," SIA Chairman Peter..