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Bond Market News
SoftBank Prices Multicurrency $1.86bn USD, EUR Deal
June 28, 2024
SoftBank raised ~$1.86bn via a four-tranche multicurrency deal. Details are given in the table below:
The senior unsecured bonds are rated BB+ (S&P), and received combined orders of over $5.45bn, 2.93x issue size. Proceeds will be used to repay debt, including redeeming foreign currency-denominated notes. Besides, they will also be used for general corporate purposes, including the maintenance of a cash position for redemption of outstanding notes. SoftBank plans to redeem its 4.75% bond due September 2024, in July itself.
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