Kioxia to Issue Up to 3 B. Dollars in Corporate Bonds
Tokyo, July 14 (Jiji Press)--Major Japanese flash memory maker Kioxia Holdings Corp. said Monday that it will issue up to 3 billion dollars, or about 440 billion yen, in dollar-denominated corporate bonds.
Kioxia plans to use up to 331 billion yen of the proceeds from the bond issuance to repurchase all preferred shares held by the Development Bank of Japan, with the aim of reducing the burden of paying dividends for such shares, which are higher than those for ordinary stocks.
(2025/07/14-18:45)
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