Issue of the 3rd Unsecured Subordinated Corporate Bond and the 4th Unsecured Subordinated Corporate Bond
SoftBank Group Corp. (“SBG”) announced today that it has determined the following terms and conditions for the issuance of its 3rd unsecured subordinated corporate bond and its 4th unsecured subordinated corporate bond (collectively, the “Bonds”).
| The 3rd Unsecured Subordinated Corporate Bond | The 4th Unsecured Subordinated Corporate Bond | |
|---|---|---|
| 1. Total amount of issue | JPY 450 billion | JPY 50 billion |
| 2. Denomination per bond | JPY 1 million | JPY 100 million |
| 3. Interest rate | 2.40% per annum | 2.400% 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 29, 2028 | September 15, 2028 |
| 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. Interest payment dates | March 30 and September 30 of each year | March 16 and September 16 of each year |
| 10. Offering period | From September 13, 2021 to September 29, 2021 | September 10, 2021 |
| 11. Issue date | September 30, 2021 | September 16, 2021 |
| 12. Method of offering | Public offering in Japan | |
| 13. Offerees | Mainly individual investors | Institutional investors |
| 14. Collateral | No collaterals are set up for the Bonds and no assets are specifically reserved to secure the Bonds. | |
| 15. Guarantee | None | |
| 16. Subordination | Specific terms of subordination are defined concerning redemption and payment of interest of the Bonds in the event that SBG 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 | Mizuho Securities Co., Ltd. Daiwa Securities Co. Ltd. SMBC Nikko Securities Inc. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. SBI SECURITIES Co., Ltd. Nomura Securities Co., Ltd. Okasan Securities Co., Ltd. IwaiCosmo Securities Co., Ltd. Tokai Tokyo Securities Co., Ltd. Mito Securities Co., Ltd. Nishi-Nippon City Tokai Tokyo Securities Co., Ltd. | Mizuho Securities Co., Ltd. Daiwa Securities Co. Ltd. |
| 19. Trustee | Aozora Bank, Ltd. | ― |
| 20. Fiscal agent | ― | Mizuho Bank, Ltd. |
| 21. Credit rating | BBB+（Japan Credit Rating Agency, Ltd.） | |
| 22. Use of proceeds | Allocated to a part of the redemption of the domestic subordinated bonds that will reach the maturity in December 2021 and February 2022. | |
This press release related 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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