SoftBank Sold All $4.5 Billion in Bonds on First Day
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SoftBank Group Corp.’s 500 billion yen ($4.5 billion) bond issuance was fully subscribed on the first day of a planned two-week sales period as the pricing attracted strong demand from Japanese individuals, said people familiar with the matter.
Nomura Holdings Inc., Daiwa Securities Group Inc. and other brokerages were able to cover the entire portion on Monday, and one underwriter received 1.4 times as much demand as the bonds that were for sale, said the people, who asked not to be identified because the information isn’t public.