SoftBank Group Prices ¥418 Billion of Retail Bonds

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000SoftBank Group Corp. priced yen hybrid bonds targeting retail investors at an initial five-year coupon of 4.97%, marking the highest level for such debt issued by the company.The ¥418 billion ($2.6 billion) offering consists of 35-year subordinated notes callable after five years. Proceeds will be used in part to refinance bonds with a first call date in June 2026, according to a company statement.