Finnair completes the tender offer of its hybrid bond issued in 2009 in exchange for cash

Finnair completes the partial tender offer for its EUR 120 million hybrid bond (ISIN: FI4000005798) issued in 2009. Finnair tenders a nominal amount of EUR 67.65 million in exchange for cash.

The bond transaction is priced at 102.000 percent of the nominal amount of such bond plus the accrued interest until the settlement date 26 November 2012 after the last interest payment date. After completing this tender offer, Finnair will have two outstanding hybrid bonds. The first one, issued in 2009, amounts post-tender offer to EUR 52.35 million, and it will have its (first) call date is 7. October 2013. The second one, to be issued on 26 November 2012, will amount to EUR 120 million, and the first call date is 26 November 2016. Nordea Markets acts as a dealer manager and as a tender agent for the transaction. Castrén & Snellman Attorneys Ltd acts as legal advisor to Finnair.