Lates News

On Friday, SoftBank priced a total of 46 billion yen (approximately 292 million US dollars) in bonds, expanding its record-breaking issuance amount to around 400 billion yen this year. According to the lead underwriter, SMBC Nikko Securities, the issuance includes 100 billion yen five-year bonds, 180 billion yen seven-year bonds, and 180 billion yen ten-year bonds with coupon rates of 1.913%, 2.324%, and 2.677% respectively. The issuance comes as Japanese government bond yields have sharply increased amid market concerns about high government fiscal expansion policies. SoftBank is actively expanding its business beyond telecommunications and has recently established a joint venture with OpenAI in Japan to accelerate the development of AI-driven products and enterprise services. Since going public in 2018, SoftBank has been continuously financing through bonds and equity instruments, including its first foreign currency bond issuance in July this year.