AF-KLM announced a capital increase of €901m at a rather attractive subscription price (less than 9% discount on yesterday’s closing price) and issuance of €3bn hybrid bonds at the coupon rates, which are slightly lower than what we expected. The group also confirmed the extension of the partnership with China Eastern Airlines, which will become the second-largest shareholder after the recapitalisation.
13 Apr 2021
AF-KLM confirmed a €901m capital increase and the reinforcing partnership with CEAir
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AF-KLM confirmed a €901m capital increase and the reinforcing partnership with CEAir
- Published:
13 Apr 2021 -
Author:
Yi Zhong -
Pages:
3
AF-KLM announced a capital increase of €901m at a rather attractive subscription price (less than 9% discount on yesterday’s closing price) and issuance of €3bn hybrid bonds at the coupon rates, which are slightly lower than what we expected. The group also confirmed the extension of the partnership with China Eastern Airlines, which will become the second-largest shareholder after the recapitalisation.