SoftBank issues 1 trillion yen in retail bonds to fund AI investments and redeem existing bonds, a financing event.
SoftBank Group announced on the 24th that it will issue 1 trillion yen in unsecured bonds on September 17. The bonds are aimed mainly at individual investors, and the issuance amount will be the largest ever for retail bonds issued by a Japanese company. The funds raised will be used to redeem existing bonds and for investments related to artificial intelligence. The bonds have a seven-year maturity, and the interest rate will be set on September 4. The indicative pricing range is 4.30 to 4.90 percent per annum. Retail bonds have become more attractive as financial products amid rising interest rates. Eleven firms will underwrite the offering, including Nomura Securities, Daiwa Securities, SMBC Nikko Securities, Mizuho Securities, and Mitsubishi UFJ Morgan Stanley Securities.
SoftBank issues 1 trillion yen in retail bonds to fund AI investments and redeem existing bonds, a financing event.