ENXTPA:AFAirlines
What Air France-KLM (ENXTPA:AF)'s Oversubscribed Bond Refi Means For Shareholders
In January 2026, Air France-KLM issued €650 million of 5-year senior unsecured notes under its Euro Medium Term Notes program at a fixed 3.875% coupon and 4.033% yield, using the proceeds for general corporate purposes and to redeem a higher-coupon sustainability-linked bond tranche in May 2026.
The heavily oversubscribed placement, with demand peaking above €3.5 billion and enabling the lowest credit spread in the group’s history, highlights strong institutional investor appetite and...