Japanese mobile operator Softbank will tomorrow launch a five-year Y400bn (US$3.98bn) retail bond issue, carrying a 1.74% annual coupon rate.
The offer is underwritten by Daiwa, Nomura, Mizuho, SMBC Nikko, Mitsubishi UFJ Morgan Stanley, SBI, IwaiCosmo,…
Japanese mobile operator Softbank will tomorrow launch a five-year Y400bn (US$3.98bn) retail bond issue, carrying a 1.74% annual coupon rate.
The offer is underwritten by Daiwa, Nomura, Mizuho, SMBC Nikko, Mitsubishi UFJ Morgan Stanley, SBI, IwaiCosmo, Okasan and Tokai Tokyo.
A person with knowledge of the matter had previously confirmed that Softbank would issue Y400bn worth of bonds, which will be used to partly finance its acquisition of US giant Sprint and to refinance existing loans.
In April, the telco raised US$3.3bn in 2020 senior notes, also to be used for Sprint’s deal and for refinancing.
Softbank’s US$20.1bn bid to Sprint is currently being challenged by DTH operator Dish Network’s US$25.5bn counter offer.