Press Releases

Issue of the 3rd Unsecured Subordinated Corporate Bond and the 4th Unsecured Subordinated Corporate Bond

SoftBank Group Corp.

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 issueJPY 450 billionJPY 50 billion
2. Denomination
  per bond
JPY 1 millionJPY 100 million
3. Interest rate2.40% per annum2.400% per annum
4. Issue price100% of the denomination per bond
5. Redemption price100% of the denomination per bond
6. Term7 years7 years
7. Maturity dateSeptember 29, 2028September 15, 2028
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. Interest payment datesMarch 30 and September 30 of
each year
March 16 and September 16 of
each year
10. Offering periodFrom September 13, 2021 to September 29, 2021September 10, 2021
11. Issue dateSeptember 30, 2021September 16, 2021
12. Method of offeringPublic offering in Japan
13. OffereesMainly individual investorsInstitutional investors
14. CollateralNo collaterals are set up for the Bonds and no assets are specifically reserved to secure the Bonds.
15. GuaranteeNone
16. SubordinationSpecific 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. CovenantsNone
18. UnderwritersMizuho Securities Co., Ltd.
Daiwa Securities Co. Ltd.
SMBC Nikko Securities Inc.
Mitsubishi UFJ Morgan Stanley
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. TrusteeAozora Bank, Ltd.
20. Fiscal agentMizuho Bank, Ltd.
21. Credit ratingBBB+(Japan Credit Rating Agency, Ltd.)
22. Use of proceedsAllocated 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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