Air France-KLM has successfully placed a €500 million senior unsecured notes under its Euro medium term notes (EMTN) programme, the company shared on August 28, 2025.
The notes mature in five years. They have a coupon of 3.75% and yield 3.866%. The company said the transaction will allow it to “take advantage of attractive market conditions” as well as to extend its average debt maturity.
“The issuance was priced at attractive levels due to strong and high-quality demand, reflecting Air France-KLM's strong credit quality and investor confidence in its business model, growth potential and financial structure,” the company read in a statement.
Proceeds will be used for general corporate purposes.
The group's long-term debt is rated BB+ by Standard & Poor's and BBB- by Fitch Ratings.
Deutsche Bank, Credit Agricole CIB, and Commerzbank acted as global coordinators, with CIC, Santander, SMBC, and Societe Generale acting as joint active bookrunners.