🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Airline ANA to receive $3.8 billion from banks: Kyodo

Published 10/14/2020, 07:44 AM
Updated 10/14/2020, 07:50 AM
© Reuters. An employee of All Nippon Airways works in front of the company logo at New Chitose airport in Chitose
MUFG
-
SMFG
-
9202
-
8306
-
8316
-
8411
-
8309
-

TOKYO (Reuters) - Japanese airline operator ANA Holdings Inc (T:9202) is set to receive 400 billion yen ($3.8 billion) in subordinated loans from multiple banks as the company grapples with a slump in air travel due the COVID-19 pandemic, Kyodo reported on Wednesday.

Financing will consist of 130 billion yen each from Sumitomo Mitsui (NYSE:SMFG) Financial Group Inc (T:8316) and the state-backed Development Bank of Japan, Kyodo said.

The airline operator will also receive 60 billion yen from Mizuho Financial Group (T:8411), 50 billion yen from Mitsubishi UFJ (NYSE:MUFG) Financial Group Inc (T:8306) and 30 billion yen from Sumitomo Mitsui Trust Bank (T:8309), Kyodo said.

© Reuters. An employee of All Nippon Airways works in front of the company logo at New Chitose airport in Chitose

An ANA spokeswoman said the company had not announced anything. SMFG, Mizuho and Mitsubishi UFJ declined to comment. The DBJ and SMTB could not immediately be reached for comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.