2 days ago
SoftBank Plans ¥100 Billion Subordinated Bond Deal Amid AI Drive
SoftBank Group Corp. plans to sell about ¥100 billion ($676 million) of subordinated bonds, taking advantage of improved sentiment on plans to kick-start its stalled AI drive.
The yen-denominated notes will have a final maturity of 35 years and an early call option after five years, according to lead underwriter Daiwa Securities Co. Pricing is expected later this month. The proceeds from the deal will help fund the early redemption of yen hybrid notes that have a voluntary call date in February, according to a press release from SoftBank.
