SIA to use S$2.2b from rights issue to repay bridge loan facility with DBS, fund operating expenses

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SINGAPORE (June 16): Singapore Airlines (SIA) announced that it will be using S$2.2 billion (RM6.76 billion) out of the gross proceeds of S$8.8 billion raised from its rights issue to repay the S$2 billion bridge loan facility with DBS Bank.

Another S$200 million will go towards the funding of operating expenses.

On June 11, Singapore Airlines and SilkAir announced that ... (click on link for full story on