SOVEREIGN DEBT RESTRUCTURING | MASTERCLASS

A deep dive masterclass on sovereign debt restructuring, to be conducted virtually by Asian high yield bond expert Florian Schmidt.

30 June 2022 (Thu), 5pm Singapore/HK time

Japanese conglomerate SoftBank is offering to buy up to $2.25bn equivalent of its USD and EUR denominated bonds alongside a consent solicitation offer. The details of the bonds as part of the tender offer are below:

The company is also seeking to amend certain terms in the notes related to a covenant focusing on the distributions of proceeds of asset sales, including removing an existing carve-out for sales of assets in the SoftBank Vision Fund.

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