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Business deals

SoftBank to float $7.3bn in overseas bonds

Japanese tech group aims to accelerate startup investments

SoftBank last issued overseas debt in 2018.   © Reuters

TOKYO -- SoftBank Group plans to raise some $7.3 billion via the sale of foreign-currency bonds -- the biggest ever overseas debt issue by the Japanese tech investor.

SoftBank said Thursday that it will issue eight bonds, half in dollars and the rest in euros, in its first overseas bond sale since 2018. The bonds will be offered to global institutional investors outside Japan and the U.S.

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