Aviation News Item: 00084

15th Oct 2009

Source: evaint.com

Air France-KLM has launched a €700 million offering of seven-year bonds. The level of interest from investors enabled the size of the offering to be increased from €500 million, initially planned, to €700 million.

The bonds have a par value of €50,000 and bear annual interest at 6.75 per cent. They were priced at 99.323 per cent of par value and will be redeemed at par in October 2016. This offering is guaranteed by Air France and KLM.

The positive response to this issue, following that to the convertible bond issue in June, reflects continued investor confidence in the Group.

The issue is lead-managed by BNP PARIBAS Corporate & Investment Banking, Calyon, Natixis, Société Générale Corporate & Investment Banking and HSBC as Joint Lead Managers and Joint Book Runners.

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