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ANA to Receive 400 B. Yen in Subordinated Loans

ANA to Receive 400 B. Yen in Subordinated Loans

   Tokyo, Oct. 14 (Jiji Press)--Five Japanese banks plan to provide a total of 400 billion yen in subordinated loans to ANA Holdings Inc., whose All Nippon Airways unit has been financially struggling due to the coronavirus pandemic, informed sources said Wednesday.
   Subordinated loans have a lower repayment priority than ordinary loans and can be partly treated as capital. The banks are expected to sign loan contracts as early as this month.

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AFP-JIJI PRESS NEWS JOURNAL


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