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Market Chatter: SoftBank Group Eyes 60 Billion Yen Bond Sale in July

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SoftBank Group (TYO:9984) plans to sell about 60 billion yen worth of notes to institutional investors in Japan in July, proceeds from which are expected to be invested in AI-related expansions, Bloomberg News reported Friday.

The bond offering comprises 50 billion yen of three-year notes and 10 billion yen of five-year notes, with pricing expected in the week of July 27, the news agency reported, citing lead manager Daiwa Securities (TYO:8601).

Nomura Holdings (TYO:8604) subsidiary Nomura Securities and Sumitomo Mitsui Financial Group (TYO:8316) subsidiary SMBC Nikko Securities are co-lead managers of the offering, according to the report.

SoftBank Group did not immediately respond to' request for comment.

Shares of SoftBank Group fell nearly 9% at market close, while those of Daiwa Securities declined over 5%. Shares of Nomura Holdings and Sumitomo Mitsui Financial Group declined nearly 6% and over 4%, respectively.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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