Fortunately, she called me back the same day. When I went to their location on Royal Hawaiian Ave. Retracing my steps, I found a small window in the wall next to a t-shirt store. The transaction was seamless. There's no parking so be sure to have someone drive you or make it a day by parking at Royal Hawaiian Shopping Center or International Market Place and then walk over. The financing tenor of the deal was 12 years for the Aneos and approximately 5.
Joon-Ho Lee, senior vice-president at Burnham Sterling, says the natural hedge provided by yen, a currency that was becoming increasingly important to Hawaiian, plus the lower financing costs made it a compelling offer for the US carrier.
If yen were to depreciate, Lee says the Honolulu-based airline benefits from a mark-to-market decrease in the US dollar value of yen debt outstanding, as they are a US dollar-reporting airline.
This is possible because the credit spread the carrier was able to place the debt with yen investors with was, in dollar coupon terms, half of what US dollar lenders would require, Lee says. This was not only the first Hawaiian deal for the regional banks involved, but for some, it was an opportunity to directly participate in a transaction with the airline.
Lee explains that numerous roadshows by Hawaiian in Tokyo and one-to-one meetings with potential investors helped to convince them of the merits of the deal.
By Clyde Prestowitz. May 13, , PM. November 12, , AM. Trending 1. Blame Brussels. Fiona Hill: U. Latest Analysis. Andrew Connelly. Or are they?
In mid January the Bank of Japan announced a pair of new policies designed to do just that. In addition to the new inflation target, the Bank announced a new round of quantitative easing that will begin in and continue indefinitely. While these policies are not direct interventions in the foreign exchange market, there has already been an observable effect on the Yen. A weaker Yen versus the Dollar, which means that a Dollar can be exchanged for more Yen and conversely that it takes more Yen to exchange for each Dollar, helps Japanese firms exporting goods to the US but makes American goods and services relatively more expensive for Japanese consumers.
However if there is a prolonged period of Yen weakness, Japanese visitors to Hawaii would start to feel the effect of reduced purchasing power in the State. Japanese visitors might cut back on shopping or opt for lower priced accommodations.
Additionally given that Oahu hotels were almost completely full this year, Japanese visitors might start to get squeezed out by big spending visitors from fast growing markets like Australia, South Korea, and China.
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