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TOKYO - SoftBank (TYO:9984) Group Corp. plans to issue approximately $4 billion equivalent in senior secured fixed rate notes with various maturities, according to a pre-stabilization notice issued Wednesday.
The offering includes eight tranches of notes denominated in both U.S. dollars and euros, with maturities ranging from 2029 to 2035. The dollar-denominated tranches include four $500 million offerings maturing in 2029, 2031, 2032, and 2035, while the euro-denominated portion consists of three €500 million offerings maturing in 2029, 2031, and 2033.
Deutsche Bank AG (ETR:DBKGn), London Branch will serve as the stabilization manager for the offering, with the stabilization period expected to begin July 2 and end no later than August 1, 2025. The stabilization manager may over-allot securities or conduct transactions to support the market price of the securities, with a maximum over-allotment facility of 5% of the aggregate nominal amount.
The notes will be issued at 100% of face value, though the spread over benchmark has not yet been determined.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered for sale in the United States. The offering is directed at qualified investors outside the U.S. in accordance with applicable regulations.
This information was disclosed in a pre-stabilization notice filed with the London Stock Exchange (LON:LSEG).
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