SoftBank Group plans to issue ¥1 trillion in seven-year corporate bonds, equivalent to about $6.29 billion, in a sale aimed at individual investors. The proposed notes carry a tentative coupon range of 4.3% to 4.9%, according to the information in the news brief. If completed as outlined, the transaction would be the largest bond issuance in SoftBank’s history and would come in at nearly twice the size of its previous record. The group is expected to announce the final terms on Sept. 4. The brief frames the fundraising as part of SoftBank’s effort to step up investment in artificial intelligence, with the scale marking a new high for the company.
SoftBank Group plans to sell ¥1 trillion in seven-year corporate bonds, or about $6.29 billion, in an offering targeted at individual investors.
The notes carry a tentative coupon range of 4.3% to 4.9%. If the deal goes ahead on those terms, it would mark the largest bond sale in SoftBank’s history, at nearly twice the size of the company’s previous record.
SoftBank is expected to announce the final terms on Sept. 4.
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