TOKYO, April 14 (Reuters) - SoftBank Group Corp said on Friday it plans to raise 222 billion yen ($1.7 billion)
in a hybrid yen-denominated 35-year bond issue that will be sold
mostly to retail investors.
The bonds will have a fixed interest rate of 4.750% a year
for five years from the issue date and a floating rate after
that, the company said in a statement.
Interest payments will be on April 28 and October 28 each
year, with SoftBank reserving the option to redeem the bonds on
any interest payment date on or after April 28, 2028.
The subscription period will run from April 17-27.
Underwriters include Daiwa Securities Co Ltd, Nomura
Securities Co Ltd, Mizuho Securities Co Ltd, SBI Securities Co
Ltd and Okasan Securities Co Ltd. The rating is BBB from Japan
Credit Rating Agency Ltd.
The Financial Times reported this week that SoftBank Group
has moved to sell almost all of its remaining shares in Alibaba
Group Holding Ltd ($1 = 132.4500 yen)
(Reporting by Elaine Lies; Editing by Edwina Gibbs)
Messaging: elaine.lies@thomsonreuters.com))
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