Issue of the 1st Unsecured Subordinated Corporate Bond
SoftBank Corp. (the “Company”) announces that it has determined the following terms and conditions for the issuance of its 1st unsecured subordinated corporate bond (the “Bond”).
| 1. Total amount of issue | JPY 400 billion |
|---|---|
| 2. Denomination per bond | JPY 1 million |
| 3. Coupon rate | 2.50% per annum |
| 4. Issue price | 100% of the principal amount |
| 5. Redemption price | 100% of the principal amount |
| 6. Term | 7 years |
| 7. Maturity date | December 17, 2021 |
| 8. Redemption | The Bond will be redeemed in full upon maturity. The Bond may also be repurchased and redeemed at any time commencing from the first day following the closing date, subject to requirements of the book-entry transfer institution. |
| 9. Coupon payment dates | June 19 and December 19 of each year |
| 10. Offering period | December 4, 2014 to December 18, 2014 |
| 11. Closing date | December 19, 2014 |
| 12. Method of offering | Offering to the general public in Japan |
| 13. Market | Mainly retail investors |
| 14. Collateral | No collateral is pledged and no assets are specifically reserved to secure the Bond. |
| 15. Guarantee | None |
| 16. Subordination | Specific terms of subordination are defined concerning redemption and payment of interest of the Bond in the event that the Company goes into liquidation or files for bankruptcy, commencement of corporate reorganization proceedings or court-led rehabilitation pursuant to Japanese law or any other jurisdiction's law. |
| 17. Covenants | None |
| 18. Underwriters |
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| 19. Contact for purchase | Head office and domestic branches of underwriters |
| 20. Trustee | Aozora Bank, Ltd. |
| 21. Book-entry transfer institution | Japan Securities Depository Center, Inc. |
| 22. Rating | BBB+ (Japan Credit Rating Agency, Ltd.) |
| 23. Use of proceeds | Redemption of the preferred securities issued by SFJ Capital Limited, a subsidiary of the Company, and funds for investments and loans. |
This press release relates to offerings of Japanese Yen-denominated Bonds (the “Bonds”) that are 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 application exemption from the registration requirements under the Act.
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