SoftBank Corp. Doubles Bond Sale to ¥80 Billion on Strong Demand

SoftBank Corp. doubled the size of a sale of three-year and five-year bonds to ¥80 billion ($510 million) on strong demand from investors.

It sold ¥20 billion of three-year notes with a coupon of 0.828% and ¥60 billion of the five-year debt at 1.189%, according to underwriter Mizuho Securities Co. That compares with coupons of 0.32% and 0.82%, respectively, on the issue of the same maturity bonds in July 2023, before this year’s shift higher in Japanese interest rates.