Ana Holdings plans to issue 0% convertible bonds due 2022, 2024

By Rebecca Melvin

New York, Aug. 31 – Ana Holdings Inc. plans to issue about ¥140 billion of 0% convertible bonds in two tranches of five-year and seven-year maturities under Regulation S, according to a company news release.

The notes will be reoffered at 102.5% of par. They have contingent conversion, and they will be issued on Sept. 19.

About half of the proceeds will be used to invest in aircraft, and about half will be used to buy back shares between Sept. 1 and March 31.

Ana is a Tokyo-based air transport company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.