SoftBank's $100 Billion Debt Spurs Call for Son to Curb Ambition
- PineBridge says sale of Sprint should remain an option
- BNP says SoftBank should set targets to improve finances
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SoftBank Group Corp.’s debt is nearing $100 billion and billionaire Masayoshi Son plans to tap Japanese households for even more. Professionals are starting to suggest enough is enough.
Son’s company plans to sell 370 billion yen ($3 billion) in seven-year bonds to individuals this month, adding to net interest-bearing debt at the carrier that rose 17 percent in a year to 11.9 trillion yen as of Sept. 30. PineBridge Investments Japan said SoftBank should focus on bolstering its books now, while BNP Paribas SA, said its issuance is becoming “excessive.”