SoftBank Group (TYO:9984) plans to raise 620 billion yen through two new unsecured bonds, including a 600 billion retail-focused Fukuoka SoftBank HAWKS Bond, according to a bourse filing last Friday.
Another 20 billion yen will be for institutional offerings, carrying interest rates around 3.34% with five-year maturities.
The proceeds from the two bond issuances will primarily refinance 572.4 billion yen of maturing debt while also covering part of SoftBank's pending payment for its 2023 buyback of Arm Holdings shares from Vision Fund 1.
The HAWKS Bond, named after SoftBank's baseball team, targets individual investors with smaller denominations, while the separate 20 billion issuance is designed for institutional buyers.
SoftBank Group's shares shed over 2% at market close.
Price (JPY): $6651.00, Change: $-160, Percent Change: -2.33%
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