SoftBank Group will issue $3.56 billions in foreign currency-denominated notes

This Japanese technology investment company announced on Thursday that it will issue USD-denominated bonds worth $1.5 billion and EUR-denominated notes totaling €1.75 billion. SoftBank will use the proceeds from this bond issuance to repay debt, including a bridge loan obtained for investing in OpenAI. The company stated that for the USD-denominated bonds, the 3.5-year notes will carry an interest rate of 7.625%, the 5.5-year bonds will offer 8.250%, and the 10-year bonds will pay 8.500%. For the EUR-denominated bonds, the 4-year notes will pay an interest rate of 6.375%, the 6-year bonds will pay 7.000%, and the 8-year bonds will pay 7.375%. These notes have been rated BB+ by Standard & Poor's Financial Services.