Issue of the Corporate Bond

RNS Number : 5492M

Softbank Corp

26 May 2010

 



May 26, 2010

Issue of the 31^st Unsecured Straight Corporate Bond and the 32^nd Unsecured Straight Corporate Bond

SOFTBANK CORP. announces that it has determined the terms and conditions of the issue of its 31^st unsecured straight corporate bond and 32^nd unsecured straight corporate bond (hereafter the "Bonds"). 

Summary of the 31^st SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause

1.	Total amount of issue		JPY 25.0 billion
2.	Denomination per bond		JPY 100 million
3.	Coupon rate		1.17% per annum
4.	Issue price		JPY 100 par value
5.	Term to maturity and redemption methods		3 years
	a.	Redemption at maturity	The principal of the Bonds will be redeemed in full on May 31, 2013.
	b.	Repurchase and redemption	Bonds may be repurchased for redemption at any time on or after the first day following the closing date, unless otherwise provided for by the book-entry transfer institution.
6.	Coupon payment dates		The 2nd of June and December
7.	Offering period		May 26, 2010
8.	Closing date		June 2, 2010
9.	Method of offering		Offering to the general public
10．	Collateral		No collateral or guarantee is pledged and no assets are specifically reserved to secure these Bonds.
11.	Covenants		Negative pledge clause
12.	Underwriters		Mizuho Securities Co., Ltd. Nikko Cordial Securities Inc. Nomura Securities Co., Ltd.
13.	Place for handling subscriptions		Head office and domestic branches of underwriters
14.	Fiscal Agent		Mizuho Corporate Bank, Ltd.
15.	Book-entry transfer Institution		Japan Securities Depository Center, Inc.
16.	Rating		BBB+ (Japan Credit Rating Agency, Ltd.)
17.	Use of proceeds		Redemption of bonds which will mature by the end of June, 2011

Summary of the 32^nd SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause

1.	Total amount of issue		JPY 25.0 billion
2.	Denomination per bond		JPY 100 million
3.	Coupon rate		1.67% per annum
4.	Issue price		JPY 100 par value
5.	Term to maturity and redemption methods		5 years
	a.	Redemption at maturity	The principal of the Bonds will be redeemed in full on June 2, 2015.
	b.	Repurchase and redemption	Bonds may be repurchased for redemption at any time on or after the first day following the closing date, unless otherwise provided for by the book-entry transfer institution.
6.	Coupon payment dates		The 2nd of June and December
7.	Offering period		May 26, 2010
8.	Closing date		June 2, 2010
9.	Method of offering		Offering to the general public
10.	Collateral		No collateral or guarantee is pledged and no assets are specifically reserved to secure these Bonds.
11.	Covenants		Negative pledge clause
12.	Underwriters		Mizuho Securities Co., Ltd. Nikko Cordial Securities Inc. Nomura Securities Co., Ltd.
13.	Place for handling subscriptions		Head office and domestic branches of underwriters
14.	Fiscal Agent		Mizuho Corporate Bank, Ltd.
15.	Book-entry transfer Institution		Japan Securities Depository Center, Inc.
16.	Rating		BBB+ (Japan Credit Rating Agency, Ltd.)
17.	Use of proceeds		Redemption of bonds which will mature by the end of June, 2011

This press release relates to an offering of Japanese Yen-denominated the 31^st Unsecured Straight Corporate Bond and Japanese Yen-denominated the 32^nd Unsecured Straight Corporate Bond (the "Bonds") that is intended to be directed into Japan and its residents thereof in accordance with the laws, customary practices and documentation of Japan.  This press release does not constitute an offer of any securities for sale in the United States.  The Bonds have not been registered under the United States Securities Act of 1933, as amended (the "Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Act.

 

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