The Singapore Airshow deal will see the new freighters replace the city-state's flag-carrier's fleet of seven ageing Boeing 747s

The carrier will use the blended sustainable aviation fuel from ExxonMobil in its planes and Scoot flights from the third quarter of this year

The seven-year notes, its second US dollar bond offering after it raised $500 million in a five-year issue with a 3% coupon last year, have a coupon rate of 3.375%

The issue consists of one tranche, and price guidance to investors has been set at Treasuries plus 210 basis points, the term sheet said

Citigroup and DBS are leading the transaction, with BNP Paribas and Standard Chartered as book runners, a term sheet showed