Tigerair takes flight from SGX listing

The delistment came after the settlement of its outstanding bonds.

Singapore budget carrier Tiger Airways Holdings will be delisted from the Singapore Exchange mainboard starting November 8 after completing its privatisation by Singapore Airlines.

The delisting announcement came after the group completed the full redemption of its outstanding securities.

"The Board wishes to announce that as at 7 November 2016, all the outstanding Securities have been redeemed in full by the Company, at their principal amount of S$1.07 for each Security, together with Distribution accrued on such Security from 22 October 2016, being the last date of payment of the Ordinary Distribution to 7 November 2016. The Securities have been cancelled thereafter, in accordance with the Terms and Conditions," Tigerair said in an announcement filed in SGX.

This pertained to the $219.7m worth of 2% perpetual capital securities they issued back in April 2013.

More From Singapore Business Review

• Singapore boosts fintech ties with Korea
  

• Yoma to divest tourism business through a reverse takeover
  

• CMT revenue up 5% in 3Q despite Funan Mall's closure