SoftBank : Issue of the 48th Unsecured Straight Corporate Bond
November 26, 2015 at 02:36 am EST
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Press Releases 2015
November 26, 2015
SoftBank Group Corp.
SoftBank Group Corp. (SBG) announces that it has determined the following terms and conditions for the issuance of its 48th unsecured straight corporate bond with inter-bond pari passu clause (also known as the 'Fukuoka SoftBank HAWKS Bond,' the 'Bond').
1. Total amount of issue
JPY 370 billion
2. Denomination per bond
JPY 1 million
3. Coupon rate
2.13% per annum
4. Issue price
100% of the principal amount
5. Redemption price
100% of the principal amount
6. Term
7 years
7. Maturity date
December 9, 2022
8. Redemption
The Bond will be redeemed in full upon maturity. The Bond may also be repurchased and redeemed at any time commencing from the first day following the closing date, subject to requirements of the book-entry transfer institution.
9. Coupon payment dates
June 10 and December 10 of each year
10. Offering period
November 27, 2015 to December 9, 2015
11. Closing date
December 10, 2015
12. Method of offering
Offering to the general public in Japan
13. Market
Mainly retail investors
14. Collateral
No collateral is pledged and no assets are specifically reserved to secure the Bond
15. Guarantors
SoftBank Corp.
16. Covenants
Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause
17. Underwriters
Mizuho Securities Co., Ltd.
SMBC Nikko Securities Inc.
Daiwa Securities Co. Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
SBI SECURITIES Co., Ltd.
Okasan Securities Co., Ltd.
IwaiCosmo Securities Co., Ltd.
SMBC Friend Securities Co., Ltd.
Tokai Tokyo Securities Co., Ltd.
Mito Securities Co., Ltd.
18. Contact for purchase
Head office and domestic branches of underwriters
19. Trustee
Aozora Bank, Ltd.
20. Book-entry transfer institution
Japan Securities Depository Center, Inc.
21. Rating
A- (stable; Japan Credit Rating Agency, Ltd.)
22. Use of proceeds
Early redemption of notes issued by SBG's U.S. subsidiary Brightstar Corp. and funds for investments and loans by SBG
This press release relates to offerings of Japanese Yen-denominated Bonds (the 'Bonds') that are intended to be directed into Japan and its residents thereof in accordance with the law, customary practices and documentation in Japan. This press release does not constitute an offer of any securities for sale in the United States. The Bonds have not been registered under the United States Securities Act of 1933, as amended (the 'Act'), and may not be offered or sold in the United States absent registration or an application exemption from the registration requirements under the Act.
Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website.
SoftBank Group Corp. is one of the largest telecommunications operators in Japan. Net sales (not including sold divisions) break down by activity as follows:
- fixed and mobile telecommunications services in Japan (92.2%; SoftBank): fixed and mobile telephony services, broadband transmission services, data transmission services, sales of handsets and accessories, etc.;
- design and development of microprocessors and Internet of Things solutions (3.7%; Arm);
- other (4.1%).
Japan accounts for 92.3% of net sales.
SOFTBANK GROUP CORP. 
