TOKYO, Apr 10 (Pulse News Wire) – SoftBank Group Corp. (9984.T) announced today the issuance conditions for its domestic hybrid bond (deferred interest payment clause attached).
The total issuance amount is ¥418.0 billion. Each bond will have a face value of ¥1 million. The initial five-year fixed rate is 4.97%, followed by a variable rate based on the one-year Japanese government bond yield plus an initial spread of 3.133%. A step-up adjustment of 25 basis points occurs after five years, 5 basis points after twenty years, and 70 basis points after twenty-five years, totaling 100 basis points. The bonds have a term of 35 years, with interest payments due annually on April 22 and October 22, starting from April 22, 2026.
Early redemption is possible at the company's discretion on April 22, 2026, and subsequent interest payment dates. Subscription applications will be accepted from April 13, 2026, until April 21, 2026, with funds payable on April 22, 2026. The offering will target primarily individual investors through a general public subscription process facilitated by Nomura Securities Co., Mizuho Securities Co., SBI Securities Co., Tokai Tokyo Securities Co., Okasan Securities Co., Hitomi Securities Co., and Iwai Financial Group. The bonds carry a credit rating of BBB+ from Japan Credit Rating Agency. They are classified as capital-like instruments due to their deferred interest payment feature, long-term repayment schedule, and subordination compared to general debt.
Upon early redemption or buyback cancellation, the company plans to replace them with similar-rated capital-like products considering its financial condition and impact on ratings.
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