ANA to borrow $3.3 billion from the Development Bank of Japan 

ANA Holdings has announced it has agreed a 350 billion JPY ($3.3 billion) in  new debt financing from Development Bank of Japan. The tenor of the loan will be negotiated with the Development Bank of Japan and it will be disbursed on June 29. “Though the consolidated forecast of the Company for FY2021 is yet to be determined at the present time while it is unknown when the outbreak of Coronavirus will end, the impact of this financing on the business results for the current year is expected to be minor,” ANA said.