business / news / / The Manila Times
SoftBank Group has raised $1.5 billion from a dollar-denominated bond offering.
SoftBank raised $1.5 billion in dollar bonds and 1.75 billion euros in euro bonds.
KEY POINTS
- Proceeds will be used to redeem senior notes and partially repay an OpenAI-related bridge loan.
- The dollar-denominated bonds have coupons up to 8.5 percent; euro bonds up to 7.375 percent.
- SoftBank still faces a $35.7 billion funding shortfall based on current commitments.
- These notes have a BB+ S&P rating and will be listed in Singapore.
COMPANIES
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