Bonds
SoftBank Group Completes Early Redemption of 2027 Euro Notes
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SoftBank Group Corp. announced on October 23, 2026 that it had completed the early redemption of its EUR-denominated 2.875% Senior Notes due January 6, 2027, redeeming the EUR 405,103,000 of outstanding principal at 100.00% of par as of the previous day, October 22, 2026. “The Notes have been fully redeemed and canceled, and there are no Notes outstanding,” the company stated.
The completion carried out the redemption SoftBank Group detailed in an announcement dated October 9, 2026, when it said it would redeem all outstanding notes of the series at par on October 22, 2026, in accordance with the notes’ terms and conditions. That notice listed a total outstanding principal amount of EUR 405,103,000, a total principal amount of redemption of EUR 405,103,000, and a redemption price of 100.00%, alongside the series’ issuance date of July 6, 2021, maturity date of January 6, 2027, and interest rate of 2.875% per annum.
Terms of the Redeemed 2027 Tranche
The redeemed series was created in a multi-tranche foreign-currency offering whose terms SoftBank Group determined on June 30, 2021 and announced on July 1, 2021. The euro tranche due 2027 totaled EUR 800 million at issuance, equivalent to JPY 105.3 billion at the exchange rate of EUR 1.00 to JPY 131.63 cited in that announcement. The notes were issued at 100% of principal with a term of 5.5 years and paid interest semi-annually in arrears each January 6 and July 6. They carried no collateral and no guarantee, were rated BB+ by Standard & Poor’s Financial Services LLC, and were listed on Singapore Exchange Securities Trading Limited.
The series was offered in overseas securities markets, including Europe and Asia but outside Japan and the United States, and was placed with institutional investors excluding U.S. persons, according to the offering announcement. Deutsche Bank AG (DB ), London Branch, Barclays Bank PLC and The Hongkong and Shanghai Banking Corporation Limited served as joint global coordinators, while Merrill Lynch International, J.P. Morgan Securities plc, Nomura International plc, Mizuho International plc, Crédit Agricole Corporate and Investment Bank, Citigroup Global Markets Limited, Goldman Sachs (GS ) International and ING Bank N.V., Singapore Branch served as joint bookrunners, with other co-managers.
SoftBank Group stated in the 2021 announcement that proceeds of the senior notes would be used for repayment of indebtedness, including short-term and long-term indebtedness, and for general corporate purposes, including the maintenance of a cash position for the redemption of outstanding notes due over the following two years and new investments.
The Wider Eight-Tranche Offering
The 2027 euro notes were one of eight tranches whose terms were set in the July 1, 2021 announcement. The U.S. dollar portion comprised USD 550 million of 3.125% notes due 2025, USD 800 million of 4.000% notes due 2026, USD 1,000 million of 4.625% notes due 2028 and USD 1,500 million of 5.250% notes due 2031, with terms of 3.5, 5, 7 and 10 years respectively and maturity dates of January 6, 2025, July 6, 2026, July 6, 2028 and July 6, 2031. The remaining euro tranches comprised EUR 750 million of 2.125% notes due 2024, EUR 800 million of 3.375% notes due 2029 and EUR 600 million of 3.875% notes due 2032, with terms of 3, 8 and 11 years respectively and maturity dates of July 6, 2024, July 6, 2029 and July 6, 2032. All eight tranches were priced at 100% of principal, carried the BB+ rating, were listed on Singapore Exchange Securities Trading Limited, and paid interest semi-annually in arrears on January 6 and July 6 each year.
Under the terms set in 2021, redemption at maturity was in whole at 100% of principal. Early redemption was permitted in whole or in part at 100% of principal at any time on or after the date 90 days before maturity, or in whole or in part at 100% of principal plus a “make-whole” premium before that date. The EUR 405,103,000 redeemed on October 22, 2026 was the outstanding principal of a series originally issued at EUR 800 million in July 2021, and the company’s October 23, 2026 announcement confirmed that the series has been fully redeemed and canceled.
