by Arundhati Behera | Mar 15, 2023 | High Yield Bonds
SoftBank’s bonds slumped and CDS spreads spiked following the collapse of Silicon Valley Bank (SVB). The move comes as market participants evaluate its exposure to SVB, given that the Son-led company has more than $140bn invested into startups. SoftBank’s 5.25%...
by Amruth Sundarkumar | Nov 14, 2022 | Corporates, Southeast Asia
SoftBank Group reported a net profit of JPY 3tn ($21.6bn) in the quarter ended September vs. a JPY 3.1tn ($22.3bn) loss in the prior quarter. However, it saw a massive investment loss of JPY 1.38tn ($9.9bn) for its two Vision Funds – this included losses in...
by Amruth Sundarkumar | Oct 12, 2022 | High Yield Bonds
SoftBank has agreed to buy back $2.265bn of its outstanding USD and EUR-denominated senior bonds and its 6% dollar perp post the tender offer completed on October 7. It has accepted to purchase $750mn of its USD 6% Perp, $514.366mn of its dollar bonds and €1.022bn of...
by Amruth Sundarkumar | Sep 30, 2022 | Banks, Global
SoftBank launched a tender offer to buyback up to $1.75bn of its USD and EUR-denominated bonds under an unmodified Dutch auction – accepting the lowest bids greater or equal to the minimum purchase price. The tender ends on October 7 with settlement on October...
by Amruth Sundarkumar | Sep 15, 2022 | Corporates, Global
SoftBank is planning to set up a third Vision Fund as per reports. The sources said that details were not yet clear regarding how much capital the CEO, Masayoshi Son would want to inject into a third fund. This news comes just weeks after the company apologized for...
