Japan Airlines Co.,Ltd. [9201.T]
TOKYO, Apr 30 (Pulse News Wire) – Japan Airlines CO.,LTD. (9201.T) plans to issue its first hybrid equity bond to raise funds for purchasing advanced aircraft models such as Airbus A350 and Boeing 737-8 without diluting existing shareholders' interests.
The issuance price is set at ¥10,000. The funds will support environmental sustainability, international network expansion, and domestic route optimization. Conditions for the issuance will be determined on either May 19 or May 21, 2026. The bonds will be listed on the Tokyo Stock Exchange's Prime Shijou market on the day following their issuance, allowing investors to trade in units of 100 shares.
Fixed dividends during the initial five-year period will be decided based on investor demand within a range of annual rates from 3.80% to 4.50%. After April 1, 2032, dividends will adjust according to changes in benchmark interest rates and a predetermined spread. Additionally, the airline offers long-term holding incentives for individual investors who maintain their holdings through certain dates, providing Life Status Points (LSP) linked to mileage programs and lounge access. Accumulated points can be redeemed for various benefits, contingent upon meeting eligibility criteria and maintaining consistent shareholder status.
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