Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 07-04-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Air France-KLM Issuance of Perpetual Subordinated Bonds | Industry: | Travel & Leisure |
| Description: |
White and Case advised Morgan Stanley, Deutsche Bank and BNP Paribas as Structuring Advisers, Credit Agricole Corporate and Investment Bank and Natixis as Global Coordinators and Bookrunners, and Banco Santander, HSBC and Societe Generale as Joint Bookrunners, on the issue by Air France-KLM of EUR400 million perpetual subordinated bonds.
The bonds, which were issued on April 1, 2015 and are listed on the regulated market of Euronext Paris, have a first repayment option in 2020 and pay an annual coupon of 6.25 percent until that date, resettable every five years after the first call date. They will rank junior to all senior debt and, in accordance with IFRS, be recognized as 100 percent equity.
The White and Case team in Paris was led by partners Cenzi Gargaro and Philippe Herbelin.
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| Financial Center: | Paris | Value: | 500.01-1000.00 |
| Advised Party: | Lead Manager | Law Firm | White & Case |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Cenzi Gargaro |
