Air France-KLM announces the successful issuance of new bonds for a total aggregate amount of €650 million
May 14 2024 - 1:55PM
Air France-KLM announces the successful issuance of new bonds for a
total aggregate amount of €650 million
Paris, 14 May 2024
Air France-KLM announces the successful
issuance of new bonds for a total aggregate amount of €650
million
Air France-KLM (the “Company”)
has successfully placed new bonds today, for a total nominal amount
of €650 million with a 5-year maturity and a coupon of 4.625% (the
“New Notes”) under its Euro 4,500,000,000 Euro
Medium Term Note Programme. The New Notes are expected to be rated
BBB- by Fitch and BB+ by S&P.
Strong investor demand, with an orderbook above
€2.8 billion that covered c.4.3x the size of the bonds, is a
testament to investors’ confidence in Air France-KLM.
The Company announced on 13 May 2024 the launch
of a tender offer to repurchase the following two series of
existing notes in cash:
- €750,000,000
1.875 per cent notes due 16 January 2025 (ISIN: FR0013477254) (of
which €750,000,000 is currently outstanding) (the “2025
Notes”); and
- €500,000,000
3.875 per cent notes due 1st July 2026 (ISIN: FR0014004AF5) (of
which €500,000,000 is currently outstanding) (the “2026
Notes” and, together with the 2025 Notes, the
“Existing Notes”).
The proceeds of the New Notes will be used to
refinance part of the existing debt of the Company by purchasing
all or part of the Existing Notes and for general corporate
purpose.
An application will be made for the New Notes to
be admitted to trading on Euronext Paris.
Investor
Relations
Michiel
Klinkers Marouane
Mami
michiel.klinkers@airfranceklm.com marouane.mami@airfranceklm.com
Website: www.airfranceklm.com
- Air France-KLM announces the successful issuance of new bonds
for a total aggregate amount of €650 million
Air France KLM (TG:AFR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Air France KLM (TG:AFR)
Historical Stock Chart
From Oct 2023 to Oct 2024