Commentary & Deal Flow

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SOFTBANK GROUP CORP. – NEW REG S USD/EUR MANDATE
SoftBank Group Corp. (9984 JT listed on the TSE) (SOFTBK), rated BB+ (negative) by S&P, has mandated Deutsche Bank, Goldman Sachs International, J.P. Morgan and Mizuho as Joint Global Coordinators to arrange a series of investor calls in Asia and Europe commencing on April 13th, 2026. MS/SMBC Nikko joint books/Barc/HSBC/BNP/CA/CIB/Daiwa/Nomura passive jt books. Deutsche Bank is coordinating global logistics. A NetRoadshow presentation will be made available.

Benchmark-sized Reg S registered (Category 2) senior unsecured fixed rate USD notes with maturities of 3.5yr, 5.5yr and 10yr and EUR notes with maturities of 4yr, 6yr and 8yr may follow, subject to market conditions. All with MWC and 90-day par calls. The notes are expected to be rated BB+ by S&P. List Singapore. NY law. CoC at par w/ratings downgrade. FCA/ICMA stabilization applies. UOP: redeem foreign currency-denominated sr notes and for the partial repayment of the amount outstanding on its bridge loan.

Netroadshow link: https://www.netroadshow.com/nrs/home/#!/?show=f82ac50e. Entry code: TechForce26.