Clifford Chance has advised BOC International acting as sole Bookrunner and Manager on Air France-KLM's bond issuance made by way of an unlisted private placement with Asian institutional investors.

The senior issue of $ 145 million 4.35% fixed rate Notes due 15 December 2026 was backed by a standby letter of credit granted by Bank of China Limited, Paris Branch.

The Clifford Chance team was led by Cédric Burford, partner in the Paris office, assisted by Marie-Caroline Schwartz and Andrew McCann, senior associates.