SoftBank, with record-high profits, considers issuing overseas bonds

Photo by Bloomberg

[Asia Economy Reporter Yujin Cho] SoftBank Group (SBG), which posted record-high profits last year, is set to issue its first overseas bonds in three years.

Bloomberg reported on the 28th (local time), citing sources, that SoftBank Group has selected Deutsche Bank, Barclays, and HSBC Holdings as lead managers to issue corporate bonds denominated in US dollars and euros with maturities ranging from 3 to 12 years.

A SoftBank Group spokesperson stated, "We are considering issuing overseas bonds to expand our investor base," adding, "We believe market conditions are favorable."

Led by Chairman Masayoshi Son, SoftBank has raised over 6 trillion yen through corporate bond issuance over the past decade, with a significant portion of the funds coming from individual investors.

While SoftBank is the largest issuer in the Japanese bond market, it has not issued overseas bonds since 2018.

SoftBank Group recorded a net profit of 4.9879 trillion yen (approximately 51.5 trillion won) last year on a consolidated basis, thanks to the success of the Vision Fund, which invested in companies such as Coupang. This is the highest profit ever recorded by a Japanese company.

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