SoftBank Group plans to issue ¥1 trillion, or about $6.29 billion, in seven-year corporate bonds aimed at retail investors, according to ChainCatcher. The proposed coupon range has been set at 4.3% to 4.9%. Based on the details disclosed so far, the sale would be the largest bond issuance in SoftBank’s history and would come in at nearly twice the size of its previous record. The company is expected to announce the final terms on Sept. 4. The update was published as a short market bulletin, and no additional details beyond the planned size, target investor base, tentative coupon range, record-setting scale, and timing for final terms were provided in the source material.
SoftBank Group plans to issue ¥1 trillion, or about $6.29 billion, in seven-year corporate bonds for retail investors, according to ChainCatcher.
The proposed coupon range is 4.3% to 4.9%. Based on the information disclosed so far, the offering would be the largest bond sale in SoftBank’s history, at nearly twice the size of its previous record.
SoftBank is expected to release the final terms on Sept. 4.
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