By Kosaku Narioka
SoftBank Group plans to issue $3.56 billion of foreign currency-denominated senior notes to repay debt.
The Japanese technology investment company said Thursday that it would sell dollar-denominated bonds worth $1.5 billion as well as euro-denominated notes totaling 1.75 billion euros, equivalent to $2.06 billion.
SoftBank will use the proceeds to repay debt, including a bridge loan taken out for OpenAI investments.
The company said for dollar-denominated bonds, it would pay an interest rate of 7.625% for 3.5-year notes, 8.250% for 5.5-year debt and 8.500% for 10-year bonds.
For euro-denominated debt, it would pay an interest rate of 6.375% for 4-year notes, 7.000% for 6-year bonds and 7.375% for 8-year debt.
The notes have been rated BB+ by Standard & Poor's Financial Services.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
04-15-26 2048ET
