Issue of the 58th Unsecured Straight Corporate Bond
SoftBank Group Corp. (“SBG”) announced today that it has determined the following terms and conditions for the issuance of its 58th unsecured straight corporate bond (also known as the “Fukuoka SoftBank HAWKS Bond”) (the “Bond”).
| The 58th Unsecured Straight Corporate Bond | |
|---|---|
| 1. Total amount of issue | JPY 385 billion |
| 2. Denomination per bond | JPY 1 million |
| 3. Interest rate | 2.84% 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. Maturity date | December 14, 2029 |
| 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. Interest payment dates | June 16 and December 16 of each year |
| 10. Offering period | From December 2, 2022 to December 15, 2022 |
| 11. Issue date | December 16, 2022 |
| 12. Method of offering | Public offering in Japan |
| 13. Offerees | Mainly individual investors |
| 14. Collateral | No collaterals are set up for the Bond 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 | Mizuho Securities Co., Ltd. Daiwa Securities Co. Ltd. SMBC Nikko Securities Inc. Nomura Securities Co., Ltd. SBI SECURITIES Co., Ltd. Mitsubishi UFJ Morgan Stanley 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. |
| 18. Trustee | Aozora Bank, Ltd. |
| 19. Credit rating | A-（Japan Credit Rating Agency, Ltd.） |
| 20. Use of proceeds | Allocated to cash reserves which have temporarily decreased due to the redemption of the domestic straight bond that will reach the maturity on December 9, 2022 and to the redemption of the foreign currency denominated bonds and a part of the redemption of the domestic straight bond, both of which will reach the maturity in April 2023. |
Note:
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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