Kirin Holdings to issue social bonds for FANCL acquisition

Kirin Holdings announced its plans to issue Social Bonds to raise funds for the acquisition of shares in FANCL Corporation. The Issuance will be based on the "Kirin Social Finance Framework" published in February 2025. The bonds will have maturities of 3, 5, 7, and 10 years, with the 10-year bond potentially issued without a social label. The issuance is expected to occur in late May 2025 at the earliest. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd., and SMBC Nikko Securities Inc. will act as lead managers for the offering. Kirin Holdings obtained a second-party opinion from DNV BUSINESS ASSURANCE JAPAN K.K. confirming the framework's alignment with Social Bond Principles 2023, Social Loan Principles 2023, and Social Bond Guidelines 2021. Kirin Holdings aims to leverage synergies with FANCL to solve social issues related to health.