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ANA seeks $4.6bn in special financing from banks

DBJ, Mizuho and SMBC asked to kick in as coronavirus pandemic bites

The runway at Tokyo's Haneda airport. All Nippon Airways goes through about 100 billion yen every month to lease aircraft and make interest payments.   © Reuters

TOKYO -- ANA Holdings is in discussions for 500 billion yen ($4.6 billion) in financing from the Development Bank of Japan as well as private financial institutions, Nikkei has learned, as the airline company braces for a prolonged plunge in passenger numbers amid the coronavirus pandemic.

The Japanese airline, which has secured bank loans for the time being, is requesting DBJ, MUFG Bank, Sumitomo Mitsui Banking Corp. and Mizuho Bank to issue subordinated loans, which are considered similar to equity. ANA Holdings is looking to raise nearly 400 billion yen to 500 billion yen, though it has not settled on a figure.

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