Finnair has invited holders of its outstanding €400 million 4.25% notes due 19 May 2025 to tender the notes for cash. The offer is to be for up to €100 million aggregate nominal of the notes, with the price to be determined “pursuant to a modified Dutch auction procedure” and with the minimum purchase price set to 85.5% of the nominal amount. Finnair, which on February 15 announced a profit of just over €50 million for the final quarter of 2022, said the purpose of the tender is “to proactively manage the company’s balance sheet and upcoming debt redemptions”. The
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