SoftBank Group Corp.
Notice on Determination of Terms for Domestic Hybrid Bonds (with Interest Deferral Clause)
SoftBank Group plans to issue JPY 418 billion in domestic hybrid bonds and complete the refinancing of JPY 405 billion bonds callable in June 2026.
Key Figures
- Total Issuance Amount: JPY 418 billion
- Amount of Bonds to be Refinanced: JPY 405 billion (scheduled redemption in June 2026)
- Interest Rate (First 5 Years): 4.97% per annum
AI要約
Overview of Capital Policy
SoftBank Group Corp. has decided to issue domestic hybrid bonds (with interest deferral clause) totaling JPY 418 billion in April 2026. These bonds, primarily targeted at individual investors, feature a 35-year long term, carrying a fixed interest rate of 4.97% for the initial five years, followed by a variable interest rate thereafter. The proceeds will be used to refinance existing domestic hybrid bonds of JPY 405 billion, which have their first optional redemption date in June 2026. The bonds are rated BBB+ and recognized as capital, aiming to strengthen the financial base.
Impact on Shareholders and Investors and Future Outlook
These hybrid bonds have capital-like characteristics, such as optional interest deferral, ultra-long maturity, and subordinated provisions, contributing to enhanced financial flexibility. In the event of early redemption or buyback cancellation, refinancing is expected with instruments possessing equivalent capital features after considering financial condition and rating impact. This approach enables SoftBank Group to maintain stable funding and financial soundness.
