Issue of the 34th Unsecured Straight Corporate Bond and the 35th Unsecured Straight Corporate Bond
SOFTBANK CORP. announces that it has determined the terms and conditions of the issue of its 34th unsecured straight corporate bond and 35th unsecured straight corporate bond.
1. Summary of the 34th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause
| 1. Total amount of issue | JPY 45.0 billion |
|---|---|
| 2. Denomination per bond | JPY 100 million |
| 3. Coupon rate | 1.10% per annum |
| 4. Issue price | JPY 100 par value |
| 5. Term to maturity and redemption methods | 5 years |
| (a) Redemption at maturity | The principal of the Bonds will be redeemed in full on January 25, 2016. |
| (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 25th of January and July |
| 7. Offering period | January 19, 2011 |
| 8. Closing date | January 25, 2011 |
| 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 Capital Markets Co. Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Nikko Cordial Securities Inc. Nomura 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 | Redemption of bonds which will mature by the end of June 2011 and allocation as cash reserves which decreased in accordance with the acquisition of preferred stock issued by a consolidated subsidiary in December 2010 |
2. Summary of the 35th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause
| 1. Total amount of issue | JPY 10.0 billion |
|---|---|
| 2. Denomination per bond | JPY 100 million |
| 3. Coupon rate | 1.66% per annum |
| 4. Issue price | JPY 100 par value |
| 5. Term to maturity and redemption methods | 7 years |
| (a) Redemption at maturity | The principal of the Bonds will be redeemed in full on January 25, 2018. |
| (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 25th of January and July |
| 7. Offering period | January 19, 2011 |
| 8. Closing date | January 25, 2011 |
| 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 Capital Markets Co. Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Nikko Cordial Securities Inc. Nomura 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 | Redemption of bonds which will mature by the end of June 2011 and allocation as cash reserves which decreased in accordance with the acquisition of preferred stock issued by a consolidated subsidiary in December 2010 |
This press release relates to an offering of Japanese Yen-denominated Bonds (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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