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SoftBank Group to Issue US Dollar-, Euro-Denominated Bonds Totalling 566.8 Billion Yen

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SoftBank Group (TYO:9984) will issue six tranches of foreign currency-denominated senior notes totalling 566.8 billion yen or $3.25 billion to redeem existing foreign currency debt and to partially repay the outstanding amount of the bridge loan related to follow-on investments in OpenAI.

The U.S. dollar-denominated bonds amount to 238.5 billion yen or $1.5 billion with maturities in 2029, 2031, and 2036 and interest rates of 7.625%, 8.250% and 8.500%, respectively, according to a filing with the Singapore Exchange on Thursday.

The euro-denominated notes amount to 328.3 billion yen or $1.75 billion with maturities in 2030, 2032, and 2034 and respective interest rates of 6.375%, 7.000% and 7.375%.

All notes will be issued at 100% of principal, pay interest semi-annually, and allow early redemption 90 days before maturity.

The offering is targeted at institutional investors outside Japan and the U.S., with no collateral or guarantee. The notes will be listed on the Singapore Exchange.

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