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

MT Newswires Live07-17

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 MT Newswires' 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment