Air France firms talk on euro-denominated notes in 4 1/8% area

By Paul A. Harris

Portland, Ore., June 4 - Air France KLM firmed yield talk for its benchmark-sized offering of euro-denominated non-rated seven-year notes in the 4 1/8% area, according to a market source.

Earlier talk was 4 1/8% to 4¼%.

The deal is set to price Wednesday.

HSBC and Natixis are the global coordinators. ING and SG CIB are the physical bookrunners.

The Paris-based French-Dutch airline holding company plans to use the proceeds to repay debt and for general corporate purposes.

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