Issue of the 64th Unsecured Straight Corporate Bond
SoftBank Group Corp. (“SBG”) announced today that it has determined the following terms and conditions for the issuance of its 64th unsecured straight corporate bond, also known as the “Fukuoka SoftBank HAWKS Bond” (the “Bond”).
| The 64th Unsecured Straight Corporate Bond | |
|---|---|
| 1. Total amount of issue | JPY 350.0 billion |
| 2. Denomination per bond | JPY 1 million |
| 3. Interest rate | 3.15% 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 11, 2031 |
| 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 11 and December 11 of each year |
| 10. Offering period | From November 28, 2024 to December 10, 2024 |
| 11. Issue date | December 11, 2024 |
| 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 | SMBC Nikko Securities Inc. SBI SECURITIES Co., Ltd. Daiwa Securities Co. Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Mizuho Securities Co., Ltd. Okasan Securities Co., Ltd. Tokai Tokyo Securities Co., Ltd. IwaiCosmo Securities Co., Ltd. Nomura 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 | To partially fund the unpaid installments, totaling USD 7.9 billion, with payments due in February and August 2025, for the acquisition of Arm Holdings plc shares from SoftBank Vision Fund 1 in August 2023. |
SBG will present the “Otosan (Father of Shirato Family) Cheer Captain Hand Towel Set” to all purchasers of the Bond during the offering period. Shipments are expected in mid-May, 2025. Please look forward to it.
Note:
This press release is related to the offering of Japanese Yen-denominated Bond that is 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 Bond has 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.
