TOKYO (XFN-ASIA) - Japan Airlines Corp will request about 60 bln yen in loans from Development Bank of Japan and other main lenders to cover the upcoming redemption of convertible bonds, the Nikkei reported, without citing sources.
The main lenders will decide whether to grant the loans after examining JAL's medium-term business plan, which is due out Feb 6, the business daily said.
JAL needs to redeem 100 bln yen worth of convertible bonds in March, it said.
(1 usd = 120.33 yen)
yasuhiko.seki@xfn.com