May 13, 2024 09:05 GMT
Air France-KLM (NR, BB+, BBB-)
TRANSPORTATION
Mgmt did note last month that spreads had come in significantly - its following today with a €350m tender on 25/26s and issuance (size & tenor not disclosed). Double airline supply in market, we don't see S&P upgrade as likely for AFFP/remains crossover.
- Tender (up to €350m) on outstanding €750m 25s {ZP426727 Corp} & €500m 26s {BQ179423 Corp}
- 1Q Earnings; https://marketnews.com/air-france-klm-nr-bb-bbb-ai...
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