SoftBank Group plans to issue a 260 billion yen hybrid bond.

SoftBank Group announced on May 25th that it plans to issue 260 billion yen of unsecured subordinated hybrid bonds in Japan. The bonds have a maturity of 35 years, a face value of 1 million yen, and a rating of BBB+. The fixed annual interest rate for the first 5 years is set to be between 4.80% and 5.60%, and will then convert to a floating rate. The subscription period is from June 8th to 18th, 2026, with the official issuance on June 19th. The funds raised will be primarily used to replace USD hybrid bonds maturing in 2027.