Issue of the 55th Unsecured Straight Corporate Bond
SoftBank Group Corp. (“SBG”) announces today that it has determined the following terms and conditions for the issuance of its 55th unsecured straight corporate bond (the “Bond”, also known as the “Fukuoka SoftBank HAWKS Bond”).
| The 55th Unsecured Straight Corporate Bond | ||
|---|---|---|
| 1. Total amount of issue | JPY 500 billion | |
| 2. Denomination per bond | JPY 1 million | |
| 3. Coupon rate | 1.64% per annum | |
| 4. Issue price | 100% of the denomination per bond | |
| 5. Redemption price | 100% of the denomination per bond | |
| 6. Term | 6 years | |
| 7. Maturity date | April 25, 2025 | |
| 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 | April 26 and October 26 of each year | |
| 10. Offering period | April 15, 2019 to April 25, 2019 | |
| 11. Closing date | April 26, 2019 | |
| 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. Covenants | Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause | |
| 17. Underwriters |
| |
| 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- (Japan Credit Rating Agency, Ltd.) | |
| 22. Use of proceeds | Redemption of bonds to be redeemed on May 30, 2019 and on September 12, 2019, respectively | |
This press release relates to offerings of Japanese Yen-denominated Bond (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.
-
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
