By Yifan Wang

Singapore Airlines Ltd. said it plans to raise as much as 850 million Singapore dollars (US$629.9 million) from convertible bonds, as the carrier continues to grapple with the fallout from the pandemic's impact on air travel.

The bonds, to be listed on the Singapore exchange, will be sold to institutional and other investors, the company said Thursday. The specific terms of the bonds will be confirmed after the pricing of the issuance, which is expected to take place around Thursday.

Singapore Airlines said it will use the proceeds for operating cash flow, debt service and capital expenditure.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

11-12-20 0554ET