SoftBank to raise $7.35 bn in offshore bond sale
01 Jul 2021
TOKYO: SoftBank Group Corp said on Thursday it plans to raise $7.35 billion this month by selling U.S. dollar- and euro-denominated bonds, the Japanese conglomerate’s first such foreign bond sale in three years.
The group, which hiked its capital commitment to the second Vision Fund to $40 billion, said proceeds from the latest bond issuance would be used to repay debt and general corporate purposes.
The bonds were given a BB-plus junk rating by S&P Global Ratings.