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Japan's ANA to raise $1.3 bln in euro-yen convertible bonds
August 31, 2017 / 7:34 AM / 23 days ago

Japan's ANA to raise $1.3 bln in euro-yen convertible bonds

TOKYO, Aug 31 (Reuters) - Japanese airline ANA Holdings said on Thursday it is raising 140 billion yen ($1.3 billion) in euro-yen convertible bonds to fund fleet upgrades and share buybacks.

ANA said it would spend about 70 billion yen on investments in fleet upgrading, including Boeing 787 and Airbus A320neo by the end of March 31.

The company said it would buy back up to 70 billion yen worth of its own shares, or 7.1 percent of the outstanding shares by the end of March 31.

ANA said it would issue convertible bonds in two tenors, maturing in 2022 and 2024 respectively.

$1 = 110.4600 yen Reporting by Taiga Uranaka; Editing by Christian Schmollinger

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