Kirin Holdings (TYO:2503) plans to issue domestic social bonds to partially fund its acquisition of FANCL Corp (TYO:4921), according to a Thursday filing on the Tokyo Stock Exchange.
The issuance, scheduled for late May, will support Kirin's strategy to integrate FANCL, which became a wholly-owned subsidiary in 2024.
The funds raised will help expand Kirin's Health Science business, a key part of its long-term growth vision, the company said in a statement.
The bonds will be available in maturities of three, five, seven, and 10 years, with the 10-year bond not carrying the social label. Kirin aims to use the funds to address social issues related to health through joint research and enhanced customer relationships with FANCL.
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