Finnair mulls new note issuance; out with tender for outstanding 2025 paper

Finnair has disclosed that it is considering the issuance of new inaugural rated euro-denominated notes, with any potential issue expected to take place “in the near future subject to market conditions”, according to the airline. At the same time, Finnair has initiated a new tender offer for holders of its 4.250%, unrated notes due 19 May 2025. The purchase price of the notes is €1,005 per €1,000, with accrued and unpaid interest being paid for all notes accepted for purchase. Finnair stated that it intends to use the proceeds of the new notes, less costs and expenses, to fund the