TOKYO -- SoftBank Group plans to issue 450 billion yen ($3.94 billion) in seven-year straight bonds this month, likely carrying a coupon of around 2%, to fund debt repayment and investment.
The Japanese telecommunications giant initially announced a 400 billion yen float aimed at retail investors, but had sounded out companies as well. Keen interest among yield-starved institutional investors led SoftBank to decide on a 50 billion yen offering to this group, larger than originally planned.
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