ANA Holdings to price offering of 0% convertible bonds due 2031

By Abigail W. Adams

Portland, Me., Nov. 24 – ANA Holdings Inc.’s board of directors has authorized the company to price an offering of 0% convertible bonds due 2031, according to a company announcement.

The issue price will not be less than par, and the bonds will be redeemed at par on Dec. 10, 2031.

The offering will close on Dec. 10.

Approximately ¥50 billion of net proceeds will be used to promote the company’s Business Structure Reform Plan, ¥70 billion will be used to redeem the company’s convertible bonds due Sept. 16, 2022 with the remainder to be used for the repayment of long-term debt.

ANA Holdings is a Tokyo-based holding company primarily engaged in the aviation business.

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