Finnair has completed the partial tender offer for its €120 million ($153 million) domestic hybrid bond, which was issued in 2009.
The carrier tenders a nominal amount of €67.65 million in exchange for cash.
The bond transaction was priced at 102% of the nominal amount, plus the accrued interest until the settlement date on 26 November.
The coupon rate is 8.875% per annum. The bond has no maturity but the company may exercise an early redemption option after four years.
Nordea Markets acted as a dealer manager and as a tender agent for the transaction. Nordea Markets and Pohjola Markets were joint bookrunners.