Issue of the 56th Unsecured Straight Corporate Bond and the 57th Unsecured Straight Corporate Bond
SoftBank Group Corp. (“SBG”) announces today that it has determined the following terms and conditions for the issuance of its 56th unsecured straight corporate bond (also known as the “Fukuoka SoftBank HAWKS Bond”) and its 57th unsecured straight corporate bond (collectively, the “Bonds”).
| The 56th Unsecured Straight Corporate Bond | The 57th Unsecured Straight Corporate Bond | |
|---|---|---|
| 1. Total amount of issue | JPY 400 billion | JPY 100 billion |
| 2. Denomination per bond | JPY 1 million | JPY 100 million |
| 3. Coupon rate | 1.38% per annum | 1.380% per annum |
| 4. Issue price | 100% of the denomination per bond | |
| 5. Redemption price | 100% of the denomination per bond | |
| 6. Term | 7 years | 7 years |
| 7. Maturity date | September 17, 2026 | September 11, 2026 |
| 8. Redemption | The 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 dates | March 20 and September 20 of each year | March 12 and September 12 of each year |
| 10. Offering period | September 9, 2019 to September 19, 2019 | September 6, 2019 |
| 11. Closing date | September 20, 2019 | September 12, 2019 |
| 12. Method of offering | Offering to the general public in Japan | |
| 13. Market | Mainly retail investors | Institutional investors |
| 14. Collateral | No collateral is pledged and no assets are specifically reserved to secure the Bonds. | |
| 15. Guarantee | None | |
| 16. Covenants | Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause | Negative pledge clause |
| 17. Underwriters |
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| 18. Contact for purchase | Head office and domestic branches of underwriters | |
| 19. Trustee | Aozora Bank, Ltd. | - |
| 20. Fiscal agent | - | Mizuho Bank, Ltd. |
| 21. Book-entry transfer institution | Japan Securities Depository Center, Inc. | |
| 22. Rating | A- (Japan Credit Rating Agency, Ltd.) | |
| 23. Use of proceeds | Allocated to cash on hand that temporarily decreased due to the redemption of bonds to be redeemed on September 12, 2019 and to redemption of bonds in the fiscal year 2020 and 2021. | |
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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