SoftBank Gets Over $7 Billion in Jumbo Offshore Bond Deal

SoftBank sold Asia’s second-biggest offshore deal of 2021
Company recently priced biggest yen corporate bond of year

SoftBank posted the biggest-ever quarterly profit by a Japanese company earlier this year, driven by gains at its investment arm. — SoftBank posted the biggest-ever quarterly profit by a Japanese company earlier this year, driven by gains at its investment arm.
Photographer: Kiyoshi Ota/Bloomberg

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By Finbarr Flynn

June 30, 2021 at 1:59 AM UTC

Updated on

July 1, 2021 at 8:43 AM UTC

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SoftBank Group Corp. priced the second-biggest offshore bond deal from Asia this year, raising about $7.35 billion in a dual-currency debt offering.

The Japanese technology giant sold $3.85 billion of dollar-denominated debt and 2.95 billion euros ($3.5 billion) of notes on Wednesday, making it second in size only to a deal by Nippon Telegraph & Telephone Corp. in February. It was the first overseas debt deal by SoftBank since 2018.