ME News reports that on May 25 (UTC+8), SoftBank Group plans to raise funds by issuing 260 billion yen (approximately $1.6 billion) in subordinated bonds, primarily targeted at individual investors—just about two months after its last retail bond offering. The bonds have a 35-year maturity, with the issuer holding the option to redeem them after five years. Pricing is scheduled for June 5, with an initial coupon rate guidance of 4.8% to 5.6% for the first five years. (Source: Foresight News)
SoftBank Group to Issue 260 Billion Yen in Subordinated Bonds
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Summary
SoftBank Group is set to issue 260 billion yen (approximately $1.6 billion) in subordinated bonds, with an emphasis on CFT compliance. The 35-year bonds, callable after five years, will be priced on June 5. Initial coupon guidance is between 4.8% and 5.6%. Retail investors are the primary target, following a similar offering two months ago. This move occurs amid increased regulatory focus on liquidity and crypto markets, as major firms adjust their capital structures.
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