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Market Daily Report: Bursa Malaysia's Key Index Reverses Earlier Losses To Close Higher

KUALA LUMPUR, Jan 23 (Bernama) -- Bursa Malaysia’s benchmark index recouped earlier losses to settle higher, maintaining a more than six-year high, buoyed by continued buying interest in technology stocks, while the strengthening of the ringgit against the US dollar further lifted investor sentiment. At 2.27 pm today, the local currency strengthened to 3.9992 versus the greenback, its strongest level in more than seven years. It was last seen at this level on June 18, 2018, at 3.9960/9990. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.85 points or 0.17 per cent to 1,719.99 from yesterday’s close of 1,717.14. The index surpassed its previous peak of 1,719.00 recorded on Feb 26, 2019. The barometer index opened 1.30 points lower at 1,715.84 and moved between an intraday low of 1,711.89 in early trade and a high of 1,723.41 in late afternoon before slipping slightly toward the close. However, market breadth was negative with decl...
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Singapore Airlines Taps SGD Bond Market at 2.95% in 10-Year Note Deal


Quick Summary

Singapore Airlines Ltd has launched a 10-year Singapore dollar senior note offering with initial price guidance of around 2.95%, marking another move by high-grade corporates to lock in long-term funding amid still-favourable market conditions.

Deal Snapshot

  • Tenor: 10 years

  • Yield guidance: ~2.95%

  • Maturity: Jan 30, 2036

  • Coupon: Paid semi-annually

  • First coupon: July 30, 2026

  • Structure: Senior, unsecured, unsubordinated

  • Programme: S$10 billion multi-currency MTN programme

Use of Proceeds

Funds raised will be used for:

  • Aircraft purchases and related payments

  • General corporate and working capital needs

  • Refinancing existing borrowings

Why It Matters

  • 2.95% for a 10-year SGD note highlights strong investor demand for high-quality credits

  • Reflects confidence in SIA’s balance sheet and recovery trajectory

  • Signals continued depth and liquidity in the Singapore dollar bond market

Bookrunners

  • Joint global coordinators: DBS Group Holdings, OCBC Bank, United Overseas Bank

  • Joint lead manager & bookrunner: Standard Chartered

Investor Take

  • Long-duration SGD paper at sub-3% remains attractive for yield-seeking investors

  • Reinforces SIA’s ability to fund fleet expansion and refinancing efficiently

  • Adds another benchmark for Asian airline and transport-sector credit

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