Commentary & Deal Flow

IPTs: 3.5yr: 7.875%a 5.5yr: 8.500%a 10yr: 8.875%a 4yr: 6.750%a 6yr: 7.375%a 8yr: 7.750%a

• Issuer: SoftBank Group Corp.
• Issuer Rating: BB+ (negative) (S&P)
• Securities Rating: BB+ (S&P)
• Currency & Size: US$/€ Benchmark
• Format: Reg S (Category 2), Registered form
• Ranking: Senior Unsecured
• Size: US$ Benchmark (each tranche), € Benchmark (each tranche)
• Maturity:
• • 3.5yr: 22-Oct-29
  • 5.5yr: 22-Oct-31
  • 10yr: 22-Apr-36
  • 4yr: 22-Apr-30
  • 6yr: 22-Apr-32
  • 8yr: 22-Apr-34
• Call: All with MWC and 90-day par calls
• Denominations:
• • USD tranches: US$200,000 + US$1,000
  • EUR tranches: €100,000 + €1,000
• Use of Proceeds: The proceeds will be used for the redemption of foreign currency-denominated senior notes and for the partial repayment of the amount outstanding under the bridge loan primarily for the follow-on investments in OpenAI
• Listing: Singapore Exchange Securities Trading Limited (SGX)
• Governing Law: New York Law
• Joint Global Coordinators: DB / GS / JPM / Mizuho
• Joint Bookrunners & Joint Lead Managers:
• • Active: MS / SMBC Nikko
  • Passive: Barc / HSBC / BNP / CACIB / Daiwa / Nomura
• B&D: DB
• Trade Date: As early as 15-Apr
• Settlement: 22-Apr-26 (T+5)
• Clearing: Euroclear / Clearstream
• Net Roadshow Link: https://www.netroadshow.com/nrs/home/#!/?show=f82ac50e (Recommended) or visit: www.netroadshow.com and enter the requested deal entry code: TechForce2026