SoftBank’s Bond Underwriting Fee Drops for First Time in Decade
- Fee for seven-year retail bonds declines to ¥1.10 from ¥1.25
- Credit ratings have been raised as investment income stable
This article is for subscribers only.
SoftBank Group Corp. was able to reduce underwriting fees for yen retail bonds for the first time in a decade, underscoring the market’s perspective that its credit quality is improving.
Billionaire Masayoshi Son’s firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion ($3.5 billion) of seven-year notes for individual investors, according to a company filing. That was a decrease from the ¥1.25 rate that it paid on its retail bond sales since 2014, including its most recent deal in March, data compiled by Bloomberg show.