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Softbank announces hybrid bond offering to enhance financial strength

Connectivity BusinessbyConnectivity Business
August 24, 2016
in Financing, Space Services
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Japanese giant Softbank plans to issue hybrid bonds in three tranches in order “to enhance its financial strength” following the recent acquisition of UK chip designer ARM Holdings for £24bn (US$31.7bn). In a statement today, the telecoms group said that the hybrid bonds “will allow the issuer an option to defer interest payment and have a longer maturity than senior bonds […]

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