SoftBank Group announced on Wednesday that it will issue 90 billion yen (approximately $550 million) in bonds to institutional investors to expand its domestic and international financing channels in support of its massive investments in artificial intelligence. According to lead underwriter Daiwa Securities, the issuance includes 80 billion yen in three-year bonds and 10 billion yen in five-year bonds. The three-year bonds carry a coupon rate of 3.270%, which is 165 basis points higher than Ja

SoftBank Group announced on Wednesday that it will issue 90 billion yen (approximately $550 million) in bonds to institutional investors to expand its domestic and international financing channels and support its massive investments in the field of artificial intelligence. According to lead underwriter Daiwa Securities, this issuance includes 80 billion yen in three-year bonds and 10 billion yen in five-year bonds. The three-year bonds carry a coupon rate of 3.270%, which is 165 basis points above Japanese government bonds. The five-year bonds carry a coupon rate of 3.886%, which is 190 basis points above Japanese government bonds, marking the highest rate paid by any Japanese domestic corporate borrower for bonds of similar maturity.