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by Olly West

Apr 15, 2026 2:05 PM ET

PRICED: SoftBank Group Corp Sr Unsec 6-part Reg-S only - $1.5bn + €1.75bn

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

Issuer	Term	Coupon	Maturity	Size	Ranking	Type	Price	Yield	IPT-PXD	ISIN
SoftBank Group Corp.	3.5yr	7.625%	22-Oct-29	US$400m	Sr Unsec	Fixed	100	7.625%	-25	XS3344488948
SoftBank Group Corp.	5.5yr	8.250%	22-Oct-31	US$600m	Sr Unsec	Fixed	100	8.250%	-25	XS3344488864
SoftBank Group Corp.	10yr	8.500%	22-Apr-36	US$500m	Sr Unsec	Fixed	100	8.500%	-37.5	XS3344489169
SoftBank Group Corp.	4yr	6.375%	22-Apr-30	€700m	Sr Unsec	Fixed	100	6.375%	-37.5	XS3344489326
SoftBank Group Corp.	6yr	7.000%	22-Apr-32	€600m	Sr Unsec	Fixed	100	7.000%	-37.5	XS3344489599
SoftBank Group Corp.	8yr	7.375%	22-Apr-34	€450m	Sr Unsec	Fixed	100	7.375%	-37.5	XS3344489672

Reoffer:

USD 3.5yr: 100 / 7.625%
USD 5.5yr: 100 / 8.250%
USD 10yr: 100 / 8.500%
EUR 4yr: 100 / 6.375%
EUR 6yr: 100 / 7.000%
EUR 8yr: 100 / 7.375%
TOE: 12:08 NYT

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: 7.750%a

Issuer: SoftBank Group Corp.
Issuer Rating: BB+ (negative) by S&P
Securities Rating: BB+ by S&P
Ranking: Senior Unsecured
Format: Regulation S (Category 2), Registered form
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
Coupon (s/a 30/360):
- 3.5yr: 7.625%
- 5.5yr: 8.250%
- 10yr: 8.500%
- 4yr: 6.375%
- 6yr: 7.000%
- 8yr: 7.375%
Reoffer Yield:
- 3.5yr: 7.625%
- 5.5yr: 8.250%
- 10yr: 8.500%
- 4yr: 6.375%
- 6yr: 7.000%
- 8yr: 7.375%
Reoffer Price:
- 3.5yr: 100
- 5.5yr: 100
- 10yr: 100
- 4yr: 100
- 6yr: 100
- 8yr: 100
Call: All with MWC T/B+50bp and 90-day par calls
Denominations:
- USD tranches: US$200,000 + US$1,000
- EUR tranches: €100,000 + €1,000
ISIN:
- 3.5yr: XS3344488948
- 5.5yr: XS3344488864
- 10yr: XS3344489169
- 4yr: XS3344489326
- 6yr: XS3344489599
- 8yr: XS3344489672
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: 15-Apr-26
Settlement Date: 22-Apr-26 (T+5)
Clearing: Euroclear / Clearstream