In a sale targeting individuals, Softbank Group has praised the largest bond deal for a Japanese company for this year,
According to Arab Net, technology group sold 405 billion yen ($ 3.7 billion) from debt bonds in 2056, but is recovered after five years, at an interest rate at 2.75%, according to the company's statement.
Exported bonds are hybrid securities similar to shares, and Softbank expects from classification companies to deal with version as 50% of property rights.
The company led by Massayschi Sun recently recorded the largest quarterly profit at all Japanese company, after a gain of investments led by Coupang Inc.
Softbank Group was the largest single source in the Japanese corporate bond market in the last decade, collected more than 6 trillion yen, the bulk of the retail investors.
At a time when the depositants are almost died in Japan because of the negative interest rate policy of the Bank of Japan, Softbank bonds offer some of the highest returns on debt from any local company. The average yield on Japanese corporate bonds is about 0.3%, according to Nomura BPI data.
The money will be used from the current display for current debt, according to Softbank.
Softbank has achieved record profits during the fiscal year ended March, 4.03 trillion yen (36.99 billion dollars) from its subsidiary unit vision Fund after investment gains for the fourth quarter at Coupang, making it among the largest profitable companies in the world after year Unprecedented loss.
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 giant of technological investment has witnessed a sharp rise in income over the past 12 months, where its investment arm has achieved the final profit bank.
