TOKYO, May 25 (Pulse News Wire) – SoftBank Group Corp. (9984.T) announced today that it submitted a corrected issuance registration statement to the Kanto Regional Finance Bureau for the issuance of domestic hybrid bonds (with interest deferral provisions) primarily targeting individual investors.
Key details of the bond issue include: - Total amount: ¥260.0 billion - Each bond amount: ¥1 million (provisional condition: annual rate 4.80% to 5.60%) - Interest rate: Fixed for the initial five years, variable thereafter; steps up by 25 basis points after five years, 5 basis points after twenty years (cumulative 30 basis points), and 70 basis points after twenty-five years (cumulative 100 basis points) - Term: 35 years - Interest payment dates: June 19 and December 19 annually, with the first payment due on December 19, 2026 - Redemption date: June 19, 2061 - Optional redemption: At the company's discretion on June 19, 2031 and subsequent interest payment dates - Subscription period: June 8 to June 18, 2026 - Payment date: June 19, 2026 - Issuance method: Domestic general offering - Main target: Individual investors The bonds are rated BBB+ by Japan Credit Rating Agency. They are expected to be recognized as capital-like instruments by rating agencies, allowing for potential refinancing through similar-rated products should early redemption or buyback occur based on the company’s financial status and impact on ratings.
The final issuance conditions, including the interest rate, will be determined based on demand by June 5, 2026.
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