The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday.
Temasek will continue to be a major shareholder in SIA with a 53.5% stake, according to Reuters' calculations.
Citi is the sole bookrunner on the share sale, the term sheet showed.
"We are committed to the long-term success of SIA and continue to maintain a majority stake in it," she added.
($1 = 1.3517 Singapore dollars)Reporting by Selena Li in Hong Kong and Yantoultra Ngui in Singapore, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons:
Juliet Teo, Temasek's, Selena Li, Yantoultra, Louise Heavens
Organizations:
Temasek, Singapore Airlines, SIA, Reuters, Citi, Transportation & Logistics, Thomson
Locations:
HONG KONG, SINGAPORE, China, Japan, South Korea, Singapore, Hong Kong