Softbank issues 35-year hybrid notes for early redemption

Softbank Group Corp. is issuing yen-denominated 35-year hybrid notes targeting institutional investors, featuring optional interest payment deferrals.

The notes carry a fixed rate for five years before switching to floating, with step-up provisions after 5, 20, and 25 years. Softbank can redeem them after five years.

Proceeds will fund early redemption of domestic hybrid notes reaching their first call date in February 2026. The new notes are expected to receive 50% equity treatment from rating agencies.