SoftBank Group to Issue $1.63 Billion Hybrid Notes in Japan
By Kosaku Narioka
SoftBank Group plans to issue $1.63 billion of hybrid notes in Japan, mainly to individual investors.
The Japanese technology investment company said Monday that the interest rate on the 260 billion yen of notes, to be determined on June 5, would be fixed for the initial five years and floating thereafter.
The company said it might redeem the hybrid notes after June 2031.
SoftBank Group said it plans to use proceeds from the 35-year notes to repay previously issued dollar-denominated hybrid notes.
The Japanese company said the notes are expected to be rated at BBB+ by Japan Credit Rating Agency and that it expected the notes to be eligible for 50% equity treatment from rating companies.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
May 24, 2026 22:01 ET (02:01 GMT)
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