Issue of the 48th Unsecured Straight Corporate Bond
SoftBank Group Corp. (SBG) announces that it has determined the following terms and conditions for the issuance of its 48th unsecured straight corporate bond with inter-bond pari passu clause (also known as the “Fukuoka SoftBank HAWKS Bond,” the “Bond”).
| 1. Total amount of issue | JPY 370 billion |
|---|---|
| 2. Denomination per bond | JPY 1 million |
| 3. Coupon rate | 2.13% 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 9, 2022 |
| 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 10 and December 10 of each year |
| 10. Offering period | November 27, 2015 to December 9, 2015 |
| 11. Closing date | December 10, 2015 |
| 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. Guarantors | SoftBank Corp. |
| 16. Covenants | Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause |
| 17. Underwriters |
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| 18. Contact for purchase | Head office and domestic branches of underwriters |
| 19. Trustee | Aozora Bank, Ltd. |
| 20. Book-entry transfer institution | Japan Securities Depository Center, Inc. |
| 21. Rating | A- (stable; Japan Credit Rating Agency, Ltd.) |
| 22. Use of proceeds | Early redemption of notes issued by SBG's U.S. subsidiary Brightstar Corp. and funds for investments and loans by SBG |
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 law, customary practices and documentation in 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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