ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

SoftBank plans multibillion-dollar bond sale to lock in low rates

Move also seeks to decouple mobile unit from parent's debt ahead of IPO

SoftBank is preparing to list its domestic telecom business, the group's top earner, sometime this year. (Photo by Taichiro Sunaga)

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more