Japan’s SoftBank Group Corp will buy a 5.6 percent stake in German payments company Wirecard by acquiring convertible bonds worth around 900 million euros ($1.01 billion), Wirecard said in a statement on Wednesday.
Under the investment, Wirecard said it shall issue convertible bonds with a term of five years exclusively to an affiliate of SoftBank, convertible to 6,923,076 million ordinary shares at 130 euros per Wirecard share.
