SoftBank Group plans $4.5b bond offering targeting retail investors

SoftBank Group plans $4.5b bond offering targeting retail investors

REUTERS/Issei Kato

SoftBank Group Corp said it will issue 500 billion yen (£3.4 billion) in bonds, its largest ever such issue, targeting Japan’s retail investors.

The six-year bonds will have a coupon of between 1.3 percent and 1.9 percent to be decided next week, SoftBank said in a regulatory filing on Monday. The proceeds will be used to cover redemptions.

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