SoftBank Group Corp. plans on selling more bonds in 2021 after announcing its first issuance in more than a year.
The pace of issuance will keep up with maturities, Chief Financial Officer Yoshimitsu Goto said in an emailed response. Last year’s hiatus, the first since the 2008 financial crisis, had to do with the low amounts of debt coming due, Goto said, without commenting further.
SoftBank has about ¥817 billion ($7.9 billion) of bonds maturing by Dec. 31 and roughly another ¥872 billion the following year. The company has so far revealed plans to sell about ¥100 billion of hybrid notes, compared to the ¥1 trillion it raised in domestic bonds market in 2019. The sale will be priced this month.
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