IFLR1000

Finnair €200 million hybrid bond issue

13/10/2015
Convertible and hybrid securities
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€ 200 million

$ 220 million

Completed

13/10/2015

Overview:

  • Finnair, the flag carrier and largest airline in Finland, issued and listed €200 million of hybrid bonds.
  • The bonds were offered to, and subscribed by, domestic and international investors.
  • Danske Bank and Morgan Stanley were joint coordinators, structuring advisors and joint lead managers, while Pohjola Bank was joint lead manager in connection with the issue.

Wai Yee Tsang - Journalist

Jurisdiction:

Finland

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Debt

Governing law:

Finland

Industry sector:

Aviation

Firms:
Castrén & Snellman

Party: Finnair (Issuer)

Lawyer: Merja Kivelä

White & Case

Party: Danske Bank (Lead manager, Coordinator)

Party: Pohjola Bank (Lead manager)

Party: Morgan Stanley (Lead manager, Coordinator)

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