News

One batch of the notes will mature in 2031, with an issuance size of 750 million US dollars and a coupon rate set at 4.950%. The other batch will mature in 2036, with an issuance size of 1 billion US dollars and a coupon rate of 5.500%. The purpose of this offering is to raise funds for the company's working capital, capital expenditures, debt refinancing, and potential acquisitions, as well as other general corporate purposes. The terms of the notes will be included in a subsequent supplemental prospectus, and the final issuance size, interest rate, and specific terms will be determined based on market conditions.

They believe that even another rate hike would hardly reverse the structural depreciation pressure facing the yen. Given that the market has now almost fully priced in a 25 basis point rate hike this month, these "agile funds" seeking quick, short-term gains are increasingly turning their core focus to whether the Bank of Japan truly has the capability to launch a sustained tightening cycle. Five-Star Asset Management and Palinuro Capital both currently hold short yen positions; meanwhile, Simplex Asset Management plans to tactically establish phased short yen options if the yen rebounds and breaks above 159 yen per dollar.

As a globally renowned credit rating agency, S&P typically bases its assessments on multiple factors, including the current operating environment of airlines, changes in passenger traffic, cost control measures, and the competitive landscape of the industry. Such forecasts often become an important reference for the market to observe the future development trends of airline companies.