> Softbank is planning to launch the second to 2021 eliminated bonds, after recently recorded a quarterly quarterly profit of a Japanese company.
According to Arab Net, the giant technological group is seeking bonds for 405 billion yen ($ 3.7 billion), mainly targeting individual investors, according to a statement from the group on Wednesday, briefed by Bloomberg.
Softbank announced net income of 1.93 trillion yen for the three months ended March 31, where it all comes primarily from its investment in Coupang Inc.
The company invested $ 2.7 billion in Korean coupang for e-commerce, and has risen to $ 28 billion when the company is subtracted for subscription in March.
The Japanese investment giant Masayoshi Son has seen a sharp rise in income over the past 12 months, where its investment arm has achieved the recent profit bank.
Softbank has always used two individual investors in Japan instead of institutions for most of the domestic bond market, benefiting from their strong brand.
Some Softbank bonds can pay for individual investors an interest rate of about 3%, at a time when depositors earns Japan almost nothing on deposits, because of the negative interest rate policy of Japan Bank.
The average return on the religion of corporate investment class Palin is less than 0.4%, according to data collected by Bloomberg.
The funds will be used to repay current debt, according to Softbank statement on Wednesday. BBB Banks are expected to be classified by the Japanese Credit Classification Agency Limited, and the proposal price will be within 2.45% to 3.05% in June, according to Softbank.
The company plans to issue bonds worth 35 years, but can be recovered after five years.
