Commentary & Deal Flow

L6yr: Final Books > €1.95bn. Peak book €2.1bn
L10yr: Final Books > €1.45bn. Peak book €1.7bn

Launched:
L6yr: €500m @ MS+103bp - Books €2.1bn
L10yr: €700m @ MS+138bp - Books €1.7bn
Guidance: L6yr: MS+105 +/-2bp L10yr: MS+140 +/-2bp - Combined books above €4.2bn (€2.3bn 6yr / €1.9bn 10yr)
IPTs: L6yr: MS+135/140bp L10yr: MS+170a

• Issuer: Softbank Corp. (Ticker: SOBKCO, Country: Japan)
• Issuer LEI: 353800M1YCTS9JRBJ535
• Issuer Ratings: BBB (Neg Outlook) by S&P and BBB+ (Stable) by Fitch
• Expected Ratings: BBB by S&P and BBB+ by Fitch
• Ranking: Senior Unsecured
• Format: Reg S Only, Registered
• Size: €500m (L6yr) / €700m (L10yr)
• Maturity:
• • L6yr: 30-Jun-32
  • L10yr: 30-Jun-36
• Benchmark:
• • L6yr: DBR 0% 15-Feb-32 (HR: 111%)
  • L10yr: DBR 0% 15-May-36 (HR: 112%)
• Optional Redemption: 3-month Par Call, MWC (both tranches)
• Coupon: Annual, ACT/ACT (ICMA), short first coupon
• Denomination: €100,000 and integral multiples of €1,000 in excess thereof
• Listing: Singapore Exchange Securities Trading Limited (SGX-ST)
• Sales into Canada: No
• ISIN:
• • L6yr: XS3317460619
  • L10yr: XS3317460700
• Joint Bookrunners: J.P. Morgan, BNP Paribas, Citigroup, and Mizuho
• B&D: J.P. Morgan
• DealRoadshow: https://dealroadshow.com, Entry code: SBKK2026 (not case sensitive)
• Timing: Today's business
• Books Subject: 12:40 UKT
• Settlement: 17-Apr-26 (T+7)
• Use of Proceeds: General Corporate Purposes
• Advertisement: The Offering Circular, when published, will be available on the website of the Singapore Stock Exchange https://www.sgx.com/