Huoxing Finance reports that, on May 25, according to Bloomberg, SoftBank Group Corp. plans to raise 260 billion yen (approximately $1.6 billion) by issuing subordinated bonds primarily targeted at individual investors, just about two months after its last retail bond offering. According to documents disclosed by the company on Monday, these bonds have a 35-year maturity and include an option for the issuer to redeem them early after five years. The bond pricing is expected to be set on June 5, with an initial coupon rate guidance of 4.8% to 5.6% for the first five years.
SoftBank to Raise 26 Billion Yen Through Subordinated Bonds for AI Investments
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Summary
SoftBank to Raise 26 Billion Yen Through Subordinated Bonds for AI Investments, with Altcoins to Be Closely Monitored Amid Shifting Market Sentiment. The Japanese tech giant plans to issue 26 billion yen (approximately $160 million USD) in subordinated bonds aimed at retail investors. The 35-year bonds include a call option after five years and are scheduled to be priced on June 5, with an initial yield guidance of 4.8% to 5.6% for the first five years. On-chain data indicates rising interest in long-term capital allocation across crypto and traditional assets.
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