SoftBank Selling First Bonds After T-Mobile Takeover Fails
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SoftBank Corp., the Japanese wireless carrier led by billionaire Masayoshi Son, plans to sell bonds for the first time after it abandoned talks to merge Sprint Corp. with T-Mobile US Inc.
Son’s company is offering 400 billion yen ($3.9 billion) of five-year notes to individual investors, and will price the debt on Aug. 28, it said in a filing to the Ministry of Finance today. The coupon will be in a range of 0.95 percent to 1.55 percent, according to the filing.