SoftBank to Raise ¥26 Billion in Subordinated Bonds for AI Investment

BlockBeats News, May 25th - According to Bloomberg, SoftBank Group Corp. plans to raise 260 billion yen (approximately $2 billion) through a secondary bond offering targeted at individual investors. This comes just about two months after its last retail bond issuance.

According to documents filed by the company on Monday, these bonds will have a maturity of 35 years and include an issuer call option after 5 years. The bond pricing is expected to take place on June 5th, with an initial coupon guidance range of 4.8% to 5.6% for the first five years.