Issue of the 29th Unsecured Straight Corporate Bond
SOFTBANK CORP. (hereafter the ‘Company’) announces that it has determined the terms and conditions of the issue of its 29th unsecured straight corporate bond (also known as ‘Fukuoka SoftBank HAWKS Bond’, hereafter the ‘Bond’).
The Company prepares gifts for all Bond subscribers (a pair of White Family father's (a main character of SOFTBANK TV CM) mugs), and 20 couples (40 people) can also win a pair of tickets and one night's hotel accommodation for the HAWKS2010 season home opening game by a lucky prize draw.
The proceeds of the Bond will be used for repayment of borrowings and redemption of the existing bonds. There will be no change in the Company's policy of reducing the consolidated net interest-bearing debt.
| 1. Name of the Bond | 29th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause (also known as ‘Fukuoka SoftBank HAWKS Bond’) |
|---|---|
| 2. Total amount of issue | JPY 65 billion |
| 3. Denomination per bond | JPY 1 million |
| 4. Coupon rate | 4.52% per annum |
| 5. Application of Act on Transfer of Company Bonds, etc. | The Act on the Transfer of Corporate Bonds, etc. shall be applicable to the whole Bonds. |
| 6. Issue price | JPY 100 par value |
| 7. Redemption price | JPY 100 par value |
| 8. Term to maturity and redemption methods | 3 years |
| (1) Redemption at maturity | The principal of the Bond will be redeemed in full on September 18, 2012. |
| (2) Repurchase and redemption | Bonds may be repurchased for redemption at any time on or after the first day of following the closing date, unless otherwise provided for by the book-entry transfer institution. |
| 9. Coupon payment dates | The 18th of March and September |
| 10. Offering period | From September 4, 2009 to September 17, 2009 |
| 11. Closing date | September 18, 2009 |
| 12. Method of offering | Offering to the general public |
| 13. Collateral | No collateral or guarantee is pledged and no assets are specifically reserved to secure the Bond. |
| 14. Covenants | Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause |
| 15. Underwriters | Mizuho Securities Co., Ltd. Daiwa Securities SMBC Co. Ltd. Nomura Securities Co., Ltd. Mitsubishi UFJ Securities Co., Ltd. SBI SECURITIES Co., Ltd. |
| 16. Place for handling subscriptions | Head office and domestic branches of underwriters |
| 17. Bond trustees | Aozora Bank, Ltd. |
| 18. Book-entry transfer institution | Japan Securities Depository Center, Inc. |
| 19. Issuing agent and paying agent | Aozora Bank, Ltd. |
| 20. Rating | BBB (Japan Credit Rating Agency, Ltd.) |
| 21. Use of proceeds | Repayment of borrowings and redemption of the existing bonds |
“This press release relates to an offering of Japanese Yen-denominated the 29th 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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