TOKYO -- SoftBank Group will issue several billion dollars worth of bonds for institutional investors in a move that market sources say prepares for the listing of the Japanese company's domestic telecom business.
Proceeds from the sale of five- and seven-year bonds denominated in dollars and euros will go toward early redemption of debt issued in 2013 that was guaranteed by the mobile unit. With interest rates forecast to rise, raising funds now will lock in low borrowing costs.
