Air France-KLM has raised €300 million ($312 million) with the successful offering of subordinated unsecured bonds convertible into new shares and exchangeable for existing shares in the group. Deutsche Bank, HSBC Continental Europe and Natixis are acting as structuring banks and as joint global coordinators of the offering. Credit Agricole Corporate and Investment Bank is acting as co-global coordinator and together with the joint global coordinators and with Société Générale as joint bookrunners in the transaction. The bonds issued at par with a nominal value of €100,000 each and with a conversion premium of 22.5% over the company’s reference share
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