The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS\/Issei Kato\/File Photo<\/p>\n
TOKYO, July 1 (Reuters) - SoftBank Group Corp (9984.T) said on Thursday it plans to raise $7.35 billion this month by selling U.S. dollar- and euro-denominated bonds, the Japanese conglomerate's first such foreign bond sale in three years.<\/p>\n
SoftBank plans to sell dollar bonds worth $3.85 billion with maturities ranging from 3.5 years to 10 years, and euro bonds worth 2.95 billion euros ($3.5 billion) with a similar duration.<\/p>\n
The group, which hiked its capital commitment to the second Vision Fund to $40 billion, said proceeds from the latest bond issuance would be used to repay debt and general corporate purposes.<\/p>\n
The bonds were given a BB-plus junk rating by S&P Global Ratings.<\/p>\n
($1 = 0.8438 euros)<\/p>\n
Reporting by Sam Nussey, Editing by Sherry Jacob-Phillips<\/p>\n
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SoftBank to raise $7.35 bln in offshore bond sale - Reuters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS\/Issei Kato\/File Photo TOKYO, July 1 (Reuters) - SoftBank Group Corp (9984.T) said on Thursday it plans to raise $7.35 billion this month by selling U.S. Continue reading