Bond Factsheet
KIOXIA 6.250% 24Jul2030 Corp (USD)
Kioxia Holdings Corporation
Indicative
Full Lot
Bid Price 100.597
Change in Bid Price 0.284
Bid Yield (%) 6.011 %
Change in Bid Yield 0.111
Ask Price 100.901
Change in Ask Price 0.287
Ask Yield (%) 5.892 %
Change in Ask Yield 0.112
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Kioxia Holdings Corporation
Guarantor
Multiple Guarantors
Announcement Date
16 Jul 2025
Issue Date
24 Jul 2025
Maturity Date
24 Jul 2030
Years to Maturity / Next Call
3.802 / 0.799
Modified Duration
3.304 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.250
Coupon Type
Fixed
Annual Coupon Rate
6.250
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
USJ3343AAA54
CUSIP
YM3270068
Bond Currency
USD
Total Issue Size
1,100,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Semiconductors and Semiconductor Equipment
Issuer Credit Rating (S&P/ Fitch)
***/ BBB-
Bond Credit Rating (S&P/ Fitch)
***/ BBB-
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
On and after July 24, 2027, the Issuer may on any one or more occasions redeem the 2030 notes, in whole or in part, upon not less than ten nor more than 60 days’ notice mailed or otherwise delivered to each Holder in accordance with the applicable procedures of DTC, at the following redemption prices (expressed as a percentage of principal amount of the 2030 notes to be redeemed) set forth below, plus accrued and unpaid interest on the 2030 notes, if any, to, but excluding, the applicable redemption date, if redeemed during the twelve-month period beginning on July 24 of each of the years indicated below:
| Year (or equivalent) | 2030 Notes Percentage |
|---|---|
| 2027 | 103.125% |
| 2028 | 101.563% |
| 2029 and thereafter | 100.000% |
Make Whole Call
“Applicable Premium” means, with respect to a note on any date of redemption, the greater of:
(1) 1.0% of the principal amount of such note, and
(2) (a) with respect to the 2030 notes, the excess, if any, of (x) the present value as of such date of redemption of (i) the redemption price of such note on July 24, 2027 (such redemption price being described under “—Optional redemption”), plus (ii) all required interest payments due on such note through July 24, 2027 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (y) the then outstanding principal amount of such note or (b) with respect to the 2033 notes, the excess, if any, of (x) the present value as of such date of redemption of (i) the redemption price of such note on July 24, 2028 (such redemption price being described under “—Optional redemption”), plus (ii) all required interest payments due on such note through July 24, 2028 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (y) the then outstanding principal amount of such note.
Equity Call
(1) at least 60% of the original aggregate principal amount of the 2030 notes (calculated after giving effect to any issuance of additional notes of such series) remains outstanding after each such redemption; and
(2) such redemption occurs within 120 days after the closing of such equity offering.
Additional Note
The closing of this offering is not conditioned upon the completion of the Capital Refinancing Plan, which will occur subsequent to the closing of this offering. See “—Risk Factors—Risks Related to the Notes and the Note Guarantees—If the Capital Refinancing Plan is not completed within 10 business days after the Issue Date, the Notes will be redeemed pursuant to a special mandatory redemption and you may not obtain your expected return on the Notes.”
In the event that the New Senior Facilities are not funded and the proceeds thereof not applied in a manner substantially consistent with the description under “—Capital Refinancing Plan,” within 10 business days after the Issue Date (such event to be communicated in writing by the Issuer to the Trustee in order for this provision to be effective and any such event being a “Special Mandatory Redemption Event”), the Issuer will redeem each series of notes (the “Special Mandatory Redemption”), at a price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, to, but excluding, the Special Mandatory Redemption Date (as defined below) (the “Special Mandatory Redemption Price”). Notice of the occurrence of a Special Mandatory Redemption Event and that a Special Mandatory Redemption is to occur (the “Special Mandatory Redemption Notice”) shall be delivered to the Trustee and delivered to Holders of notes according to the procedures of DTC within ten Business Days after the Special Mandatory Redemption Event. At the Issuer’s written request, the Trustee shall give the Special Mandatory Redemption Notice in the Issuer’s name and at the Issuer’s expense. On the redemption date specified in the Special Mandatory Redemption Notice, which shall be no more than five Business Days (or such other minimum period as may be required by DTC) after delivering the Special Mandatory Redemption Notice, the special mandatory redemption shall occur (the date of such redemption, the “Special Mandatory Redemption Date”).
The proceeds from this offering will not be deposited into an escrow account benefiting the Holders pending any Special Mandatory Redemption of the notes. Our ability to pay the redemption price to Holders following a Special Mandatory Redemption may be limited by our then-existing financial resources, and sufficient funds may not be available when necessary to make any required purchases of Notes.
If funds sufficient to pay the Special Mandatory Redemption Price of all of the notes of each series on the Special Mandatory Redemption Date are deposited with a Paying Agent or the Trustee on or before such Special Mandatory Redemption Date, then on and after such Special Mandatory Redemption Date, the notes shall cease to bear interest and, other than the right to receive the Special Mandatory Redemption Price, all rights under such notes shall terminate.
Upon the funding of the New Senior Facilities, the foregoing provisions regarding the Special Mandatory Redemption will cease to apply.
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