Finnair has issued €500 million new inaugural rated senior unsecured, five-year notes with a coupon of 4.750%.
“I would like to warmly thank all investors who invested in our new senior bond for their trust in Finnair,” says Finnair’s CFO Kristian Pullola. “The new bond completes our comprehensive measures to restore a healthy balance sheet. The company is now well positioned to continue implementing its strategy and creating value for all stakeholders.”
Proceeds from the notes issuance will be used to fund Finnair’s tender offer for its existing 2025 notes, as well as other refinancing needs and general corporate purposes, announced earlier this week.
Danske Bank, Deutsche Bank, Nordea Bank, OP Corporate Bank and Skandinaviska Enskilda Banken are joint bookrunners.
Finnair issues €500 million notes
