Softbank Corp linked to USD663m bond sale

13 Jan 2011

Japan’s third largest telecoms operator Softbank Corp is reported to be planning the sale of JPY55 billion (USD663 million) worth of bonds, say people familiar with the situation. The telco is looking to sell a minimum JPY35 billion of five-year bonds and at least JPY10 billion of seven-year notes, said one person who claimed to have direct knowledge of the transaction but wished to remain anonymous. Bloomberg adds that Daiwa Securities Capital Markets, Mitsubishi UFJ Morgan Stanley Securities, Nikko Cordial Securities Inc and Nomura Securities have been hired to manage the sale, which could take place next week.

Japan, SoftBank Group Corp