Air France-KLM Launches Bonds Offering For Nominal Amount Of About 300 Million Euros
T-Reuters
Nov 16, 2022
AIR FRANCE KLM SA :Air France-Klm Launches An Offering Of Deeply Subordinated Undated Bonds Convertible Into New Shares And/Or Exchangeable For Existing Shares For A Nominal Amount Of Approximately Eur 300M.Offering Will Be Conducted By Way Of A Placement To Qualified Investors Only.Net Proceeds Of Offering Are Meant To Be Fully Allocated To Repayment Of Perpetual Bonds Held By French State, Issued In April 2021.Net Proceeds Of Offering Will Be Fully Allocated To Repayment Of Perpetual Bonds Held By French State, Issued In April 2021.This Transaction Marks A Further Step In Group'S Initiatives To Accelerate Repayment Of French State Aid, Continue To Support Strengthening Of Equity Capital, And Help Optimize Financial Costs Air France-Klm S.A..Cma Cgm Has Expressed Intention To Participate To Placement Pro-Rata To Its Current Shareholding Of 9.0%.Bonds Will Be Issued At Par And Will Have A Nominal Value Of Eur 100,000 And Will Be Convertible And/Or Exchangeable Into New And/Or Existing Shares Of Air France-Klm.Final Terms Of Bonds Are Expected To Be Determined Today And Settlement Date Of Bonds Is Expected To Take Place On 23 November 2022.
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