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Capital Markets

SoftBank removes mobile unit's guarantee from $4bn bonds

Debt-laden parent promotes subsidiary's independence before IPO

SoftBank's planned $4.11bn bond float will go partly toward servicing another issuance from 2013.   © Reuters

TOKYO -- SoftBank Group looks to raise around 450 billion yen ($4.11 billion) through a June offering of straight bonds targeting Japanese retail and institutional investors and geared in part to servicing existing debt.

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