Press Releases

Issue of the 49th Unsecured Straight Corporate Bond and the 50th Unsecured Straight Corporate Bond

SoftBank Group Corp.

SoftBank Group Corp. (SBG) announces that it has determined the following terms and conditions for the issue of its 49th unsecured straight corporate bond with inter-bond pari passu clause and 50th unsecured straight corporate bond with inter-bond pari passu clause (collectively, the “Bonds”).

The 49th Unsecured Straight Corporate BondThe 50th Unsecured Straight Corporate Bond
1. Total amount of issueJPY 20 billionJPY 30 billion
2. Denomination per bondJPY 100 million
3. Coupon rate1.94% per annum2.48% per annum
4. Issue price100% of the principal amount
5. Redemption price100% of the principal amount
6. Term7 years10 years
7. Maturity dateApril 20, 2023April 20, 2026
8. RedemptionThe Bonds will be redeemed in full upon maturity. The Bonds 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 datesApril 20 and October 20 of each year
10. Offering periodApril 14, 2016
11. Closing dateApril 20, 2016
12. Method of offeringOffering to the general public in Japan
13. MarketInstitutional investors
14. CollateralNo collateral is pledged and no assets are specifically reserved to secure the Bonds.
15. GuarantorsSoftBank Corp.
16. CovenantsNegative pledge clause
17. Underwriters
  • Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
  • Mizuho Securities Co., Ltd.
  • Daiwa Securities Co. Ltd.
18. Contact for purchaseHead office and domestic branches of underwriters
19. Fiscal agentMizuho Bank, Ltd.
20. Book-entry transfer institutionJapan Securities Depository Center, Inc.
21. RatingA- (Japan Credit Rating Agency, Ltd.)
22. Use of proceedsProceeds will be allocated to cash on hand that temporarily decreased due to prepayment of borrowings by a SBG's subsidiary and repurchase of bonds issued by SBG.
(A SBG's subsidiary completed the prepayment of borrowings by the end of March 2016, with an inter-group loan funded through SBG's cash on hand.)

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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