SoftBank Group Corp. has tapped Nomura Holdings Inc. as lead manager for a domestic bond sale to raise as much as 400 billion yen ($3.8 billion) in what could be one of the biggest in the local corporate bond market, said people familiar with the matter.
The Japanese conglomerate is preparing to sell 300 billion yen to 400 billion yen of seven-year notes to individuals, and may set the bond’s marketing range as early as this month, for issuance in September, said the people who asked not to be identified because the matter hasn’t been made public yet. SoftBank, which last month unveiled plans for a second enormous technology fund, has a 400 billion yen bond due Sept. 12.