Air France KLM returns after two years to lead charge of higher yielding supply

15 Oct 2009

Air France KLM, the Franco-Dutch airline carrier, returned to the corporate bond market with a Eu700m seven year deal this week, amid a flurry of higher-yielding deals for crossover and unrated names.

In its first deal since a tap in April 2007, unrated Air France KLM took advantage of soaring investor demand for names which would have struggled to brave the market three months ago, as bankers noted a much improved tone across the wider market this week.

"Everything seems ...

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