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Commentary & Deal Flow

IPG: SoftBank USD/EUR Reg S hybrid securites 3-part

HYC APAC Market: Deal Flow - GeneralHYC European Market: Deal Flow - General

SoftBank Group Corp (9984 JT listed on the TSE) US$ benchmark size Reg S registerd form (Category 2) subordinated resettable hybid notes. NR/B+ (--/stable). FCA/ICMA stabilization applies.

- US$ benchmark size subordinated resettable notes due 2061 (35.5y). NC5.5. Via DB/JPM/MS jt glocos/HSBC/BNP/Barc/GS jt active books. IPG: 7.875%-8.00%.

- US$ benchmark size subordinated resettable notes due 2065 (40y). NC10. Via DB/JPM/MS jt glocos/HSBC/BNP/Barc/GS jt active books. IPG: 8.50%-8.625%.

- EUR benchmark size subordinated resettable notes due 2062 (37y). NC7. Via DB/BNP jt glocos and books. IPG: 6.75%-7.00%.

Investor calls in Asia and Europe commencing 10/21. Deutsche Bank is coordinatiing logistics. Pricing 10/22 NY hours. UOP: GCP, including investments for AI and repayment of borrowings. Biz: a diversified global investment holding company with holdings in telecom, e-commerce, internet advertising and other sectors. HQ: Tokyo, Japan.


FINAL LINK: www.netroadshow.com/nrs/home/#!/?show=0901d888 (Recommended). Or, Visit www.netroadshow.com and enter the requested deal entry code: TechForce2025.