SoftBank Takes Advantage of BOJ’s Dovish Stance to Sell Bond

The telecom unit of Masayoshi Son’s SoftBank Group Corp. sold one of the biggest yen bonds of the fiscal year started April, taking advantage of a recovery in credit-market sentiment as the Bank of Japan showed its commitment to easy monetary policy.

SoftBank Corp. raised 120 billion yen ($834 million) from notes across four tenors. It follows other large deals including Mitsui Fudosan Co.’s 130 billion yen offering and Kubota Corp.’s 120 billion yen sale. It was more than its initially planned sale amount of about 50 billion yen, and the deal drew orders over double the amount available, according to underwriters.