New York, Dec. 12 – Air France-KLM priced a $145 million offering of 4.35% notes due 2026, according to a news release.
The debt was placed with Asian institutional investors as an unlisted private placement.
BOC International was bookrunner.
The notes are backed by a standby letter of credit issued by Bank of China Ltd., Paris Branch.
Air France swapped the proceeds into euros, achieving an all-in cost of 4%.
The issuer said that the transaction will lengthen its debt profile.
Air France is a Roissy, France-based airline.
| Issuer: | Air France-KLM
|
| Issue: | Senior notes
|
| Amount: | $145 million
|
| Maturity: | Dec. 15, 2026
|
| Bookrunner: | BOC International
|
| Coupon: | 4.35%
|
| Announcement date: | Dec. 12
|
| Distribution: | Private placement in Asia
|
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