[Alpha Biz= Reporter Kim Sangjin] SoftBank Group, led by Chairman Masayoshi Son, is planning to issue corporate bonds worth 550 billion yen (approximately 4.78 trillion won). If successful, this large-scale fundraising would make it the largest corporate bond issuer in Asia.

According to Nikkei Shimbun on the 20th, SoftBank Group plans to issue 550 billion yen in 7-year corporate bonds on June 14th.

The interest rate is tentatively set at 2.65% to 3.25% annually. The subscription period for the corporate bonds will be from June 3rd to 13th, with the payment date set for the 14th. Eleven securities firms, including Daiwa Securities, SMBC Nikko Securities, Nomura Securities, and SBI Securities, are planning to acquire and sell them to individuals.

The raised funds will be partially used to repay retail bonds maturing this year. The balance of corporate bonds maturing in June is estimated to be 410 billion yen as of the end of March.

Additionally, it is reported that the funds will also be used for payment related to the acquisition of shares of Arm, a UK-based semiconductor design company, by a Vision Fund subsidiary under the SoftBank Group.

Last August, SoftBank Group acquired approximately 25% of Arm's shares for $16.1 billion through its Vision Fund. The acquisition payment is planned to be made in four installments until August 2025. Some of the funds raised through corporate bonds will be used to cover a portion of the payment due in August.

 

 

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