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SoftBank Reportedly Sets Rate for Part of New USD Bonds at 8.5%
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SoftBank (9984.JP) has launched USD1.5 billion and EUR1.8 billion in bond offerings, with the interest rate on its ten-year USD bonds reaching as high as 8.5%, marking the highest coupon ever paid by the company on a USD bond issuance, Bloomberg reported. The rate is close to yields paid by lower-rated junk-grade companies, report said. The company signed a USD40 billion syndicated loan agreement in March, which will be partially repaid through asset disposals. S&P Global Ratings assigned SoftBank a BB+ credit rating, one notch below investment grade, but the bond pricing is closer to that of companies rated B. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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