SoftBank Prices ¥1T Retail Bond at 4.75% Yield

Key Facts

1SoftBank Group priced a seven-year retail bond worth ¥1 trillion.

2The interest rate on the new bonds has been set at 4.75%.

In a move reflecting the group's strategy to manage its debt profile and fund investment activities, SoftBank Group priced a seven-year retail bond worth a total of ¥1 trillion. According to reports, the interest rate on these new bonds has been set at 4.75%, a level that sits near the top of the company's previously announced range.

This large-scale issuance comes as SoftBank seeks to tap into the retail debt market, with the 4.75% yield reflecting current market conditions for its credit profile. Per market data, SoftBank's primary shares (9984.T) closed at ¥5,479 in Tokyo on September 4, 2024, while the SFTBY ADR closed at $16.45 on September 3, 2024.

Investors are monitoring support levels for the 9984.T ticker, which hit a session low of ¥5,181 on September 4. Looking at the economic calendar, recent data showed Japan's retail sales grew by 4% year-on-year as of August 30, providing context for the domestic liquidity environment where these bonds are being offered.