SoftBank Plans $3.5 Billion Bond in Japan, Adding to Jumbo Deals
- SoftBank seeking to price its third bond deal of 2024 in yen
- Funds will be used in part to redeem bonds due this year
This article is for subscribers only.
SoftBank Group Corp. is planning its latest jumbo bond in the home yen market, which if successful would make the tech conglomerate one of the biggest Asian corporate borrowers in debt markets globally this year.
Billionaire Masayoshi Son’s SoftBank Group is planning to sell ¥550 billion ($3.5 billion) of seven-year bonds, according to a filing by the company on Monday. Then notes will be targeted at individual investors and partially used to redeem retail bonds maturing in 2024, according to a spokesperson for the company.