Redemption of the EUR 600 million undated deeply subordinated notes (of which EUR 403.3 million are outstanding) issued in 20...
01 Settembre 2020 - 08:00AM
Redemption of the EUR 600 million undated deeply subordinated notes
(of which EUR 403.3 million are outstanding) issued in 2015 (ISIN
FR0012650281)
Roissy (France), 1 September
2020 – Air France-KLM has decided
to proceed with the redemption of all the outstanding perpetual
subordinated notes issued in 2015 (ISIN code FR0012650281),
representing a total nominal amount of €403.3 million, in
accordance with the provisions of paragraph 5(b) (Optional
Redemption) of the terms and conditions of the Notes.
Redemption will be made on 1st October 2020 at
par, i.e. €100,000 per Note, plus interest accrued since the last
date on which interest were paid under the Notes (i.e. 1st October
2019) until the early redemption date (included).
This early redemption is implemented as part of
the Group’s policy to reduce its financial costs. In addition, Air
France-KLM intends to implement measures to strengthen its equity
and quasi-equity by May 2021, subject to market conditions.
The services provider in charge of the financial
service of the Notes is BNP Paribas Securities Services – Les
Grands Moulins de Pantin – 9 rue du Débarcadère – 93500 Pantin
- AFK_Redemption hybrid bonds_Press release_ENG
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