Notice of the result of repurchase and redemption of Euro Senior Notes due 2011
SOFTBANK CORP. (“SOFTBANK”) announced in its press release dated on August 31, 2006 titled “Notice of repurchase and redemption of Euro Senior Notes due 2011” that it would offer to purchase any and all of its Euro 9.375% Senior Notes due 2011 (the “Notes”). SOFTBANK announces today the result of the relevant purchase offer as it is settled.
| 1. Type of notes | SOFTBANK CORP. Euro 9.375% Senior Notes due 2011 |
|---|---|
| 2. The principal amount of repurchased and redeemed notes |
Approximately EUR 396 million
(approximately JPY 59.2 billion) |
| 3. Date of redemption | October 3, 2006 |
| 4. Principal amount of notes outstanding after redemption |
Approximately EUR 4 million
(approximately JPY 600 million) |
| 5. Impact on financial results | Associated with the repurchase and redemption of the notes, SOFTBANK will record loss on redemption of the notes of approximately 7.3billion yen as special loss for the second quarter of the fiscal year ending March 2007. SOFTBANK also expects the future interest expense to decrease. |
Reference
About SOFTBANK CORP.Euro 9.375% Senior Notes due 2011
| (1) Principal Amount | EUR 400 million (approximately JPY 59.9 billion) |
|---|---|
| (2) Coupon | 9.375% |
| (3) Issue Date | March 8, 2004 |
| (4) Maturity Date |
March 15, 2011
(With call option effective on or after March 15, 2008) |
- * Amount in yen is translated at exchange rate of EUR1.00=JPY149.77 as of September 29.
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