Issue of the 28th Unsecured Straight Corporate Bond
SOFTBANK CORP. (the ‘Company’) announces that it has determined the terms and conditions of the issue of its 28th unsecured straight corporate bond (hereafter the ‘Bonds’).
Summary of the 28th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause
| 1. Total amount of issue | JPY 30 billion |
|---|---|
| 2. Denomination per bond | JPY 100 million |
| 3. Coupon rate | 4.72% per annum |
| 4. Issue price | JPY 100 par value |
| 5. Term to maturity and redemption methods | 3 years |
| a. Redemption at maturity | The principal of the Bonds will be redeemed in full on July 24, 2012. |
| b. Repurchase and redemption | Bonds may be repurchased for redemption at any time on or after the first day following the closing date, unless otherwise provided for by the book-entry transfer institution. |
| 6. Coupon payment dates | The 24th of January and July |
| 7. Offering period | July 15, 2009 |
| 8. Closing date | July 24, 2009 |
| 9. Method of offering | Offering to the general public |
| 10. Collateral | No collateral or guarantee is pledged and no assets are specifically reserved to secure these Bonds. |
| 11. Covenants | Negative pledge clause. |
| 12. Underwriters | Daiwa Securities SMBC Co. Ltd., and Mizuho Securities Co., Ltd. |
| 13. Place for handling subscriptions | Head office and domestic branches of underwriters |
| 14. Fiscal Agent | Mizuho Corporate Bank Ltd. |
| 15. Book-entry transfer Institution | Japan Securities Depository Center, Inc. |
| 16. Rating | BBB (Japan Credit Rating Agency, Ltd.) |
| 17. Use of proceeds | Repayment of borrowings and redemption of bonds |
This press release relates to an offering of Japanese Yen-denominated the 28th Unsecured Straight Corporate Bond (the “Bonds”) that is intended to be directed into Japan and its residents thereof in accordance with the laws, customary practices and documentation of Japan. This press release does not constitute an offer of any securities for sale in the United States. The Bonds have not been registered under the United States Securities Act of 1933, as amended (the “Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Act.
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