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SoftBank group issues new hybrid notes to boost capital structure

October 22, 2025 at 11:09 PM UTCBy FilingReader AI

SoftBank Group Corp. announced the issuance of hybrid notes denominated in US dollars and euros, set to mature in 2061, 2065, and 2062 respectively. The US dollar offerings include $900 million notes due 2061 with an initial interest rate of 7.625% per annum and $1,100 million notes due 2065 at 8.250% per annum. A €750 million issuance due 2062 will carry an initial interest rate of 6.500% per annum. These notes are designated for general corporate purposes.

The notes will be listed on the Singapore Exchange Securities Trading Limited and offered to institutional investors outside Japan and the United States in overseas securities markets, including Europe and Asia. Standard & Poor's Financial Services LLC has assigned a B+ rating to these instruments. Deutsche Bank AG, London Branch, and BNP PARIBAS are among the joint global coordinators and bookrunners for these issuances.

These hybrid notes are subordinated to SBG's senior indebtedness and rank pari passu with other hybrid notes. They are eligible for 50% equity treatment from rating agencies due to features like optional interest payment deferral and long maturities, similar to equity.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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