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by Olly West

Apr 15, 2026 11:04 AM ET

LAUNCH: SoftBank Group Corp Sr Unsec 6-part Reg-S only USD/EUR benchmark

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

Issuer	Term	Maturity	Size	Ranking	Type	IPT	Guidance	Launch
SoftBank Group Corp.	3.5yr	22-Oct-29	US$400m	Sr Unsec	Fixed	7.875%a	7.625%#	7.625%
SoftBank Group Corp.	5.5yr	22-Oct-31	US$600m	Sr Unsec	Fixed	8.500%a	8.250%#	8.250%
SoftBank Group Corp.	10yr	22-Apr-36	US$500m	Sr Unsec	Fixed	8.875%a	8.500%#	8.500%
SoftBank Group Corp.	4yr	22-Apr-30	€700m	Sr Unsec	Fixed	6.750%a	6.500%a	6.375%
SoftBank Group Corp.	6yr	22-Apr-32	€600m	Sr Unsec	Fixed	7.375%a	7.125%a	7.000%
SoftBank Group Corp.	8yr	22-Apr-34	€450m	Sr Unsec	Fixed	7.750%a	7.500%a	7.375%

Launched:
3.5yr: US$400m @ 7.625%
5.5yr: US$600m @ 8.250%
10yr: US$500m @ 8.500%
4yr: €700m @ 6.375%
6yr: €600m @ 7.000%
8yr: €450m @ 7.375%

Guidance: 3.5yr: 7.625%#, 5.5yr: 8.250%#, 10yr: 8.500%#, 4yr: 6.500%a, 6yr: 7.125%a, 8yr: 7.500%a
IPTs: 3.5yr: 7.875%a, 5.5yr: 8.500%a, 10yr: 8.875%a, 4yr: 6.750%a, 6yr: 7.375%a, 8yr: 7.500%a

Issuer: SoftBank Group Corp.
Issuer Rating: BB+ (negative) (S&P)
Securities Rating: BB+ (S&P)
Format: Regulation S (Category 2), Registered form
Ranking: Senior Unsecured
Size:
- 3.5yr: US$400m
- 5.5yr: US$600m
- 10yr: US$500m
- 4yr: €700m
- 6yr: €600m
- 8yr: €450m
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
Launch Yield:
- 3.5yr: 7.625%
- 5.5yr: 8.250%
- 10yr: 8.500%
- 4yr: 6.375%
- 6yr: 7.000%
- 8yr: 7.375%
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: GLOBAL BOOK SUBJECT, EXPECT PRICING DURING NY TIME (15 APRIL, WED)
Settlement Date: 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