Japanese operator Softbank is to start offering a Y300bn (US$2.9bn) bond, principally to retail investors, which will mature in five years.
The offering period starts on 19 May and closes on 30 May. Proceeds are expected to be used to redeem some bonds,…
Japanese operator Softbank is to start offering a Y300bn (US$2.9bn) bond, principally to retail investors, which will mature in five years.
The offering period starts on 19 May and closes on 30 May. Proceeds are expected to be used to redeem some bonds, repay some borrowings and finance investments, the company said in a short announcement.
The notes carry a 1.45% annual coupon rate and the issue price has been set at 100% of their principal amount.
Underwriters of the deal are Nomura, Daiwa, Mizuho, Mitsubishi UFJ Morgan Stanley, SMBC Nikko, SBI, IwaiCosmo, Okasan and Tokai Tokyo. The trustee is Aozora Bank.
Japan Credit Rating Agency assigned an A- to the bond.
Softbank was recently linked to the purchase of Taiwanese mobile operator Asia Pacific Telecom (APT). Last year, it bought 80% of US mobile operator Sprint for US$22bn and is currently studying a bid for smaller rival T-Mobile US.
