Air France-KLM plans to sell 600 million euros in bonds: report – .

Air France-KLM plans to sell 600 million euros in bonds: report – .

LONDON: Air France-KLM will hold investor appeals on Monday ahead of a potential bond sale of 600 million euros ($ 713.70 million), according to an investor statement seen by Reuters.
The airline operator has appointed Deutsche Bank, Santander and Societe Generale as global coordinators to organize investor appeals and potentially manage the bond deal, according to the statement.
If market conditions allow, the company plans to sell three- and five-year bonds and plans to raise € 300 million on each tranche.
Several airlines, including Easyjet, the owner of British Airways IAG and Ryanair, issued bonds this year after vaccination programs across Europe raised hopes of a rebound in the travel sector.
Air France-KLM sales so far show little sign of the resumption of travel it still hopes to see by the summer, the airline group said earlier this month, as it recorded a larger operating loss in the first quarter.
The group, which benefited from a € 10.4 billion government-backed bailout last year, raised € 1 billion in a share issue in April that saw the ‘French state doubling its stake to 28.6%.
Shares were down slightly, down 0.31%, to € 4,505 per share at 10:15 am GMT.


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