by Amruth Sundarkumar | Nov 9, 2021 | High Yield Bonds
SoftBank reported a Q2 net loss of JPY 397.9bn ($3.5bn) compared to a profit of JPY 627.5bn ($5.6bn) during the same period last year. The losses were primarily due to the conglomerate’s Vision Fund unit reported a record quarterly loss of JPY 825.1bn ($7.3bn)...
by Amruth Sundarkumar | Nov 2, 2021 | Corporates
Japanese conglomerate Softbank Group is said to be mulling a sale of American asset manager Fortress Investment Group, according to people familiar with the matter, Bloomberg reports. The Masayoshi Son-led company acquired Fortress back in 2017 for over $3bn with...
by Amruth Sundarkumar | Aug 11, 2021 | High Yield Bonds
SoftBank reported a 39% YoY fall in its Q1 net income to $6.9bn while revenues rose 16% to $13.4bn. SoftBank’s earnings showed unrealized gains from the listing of portfolio companies Didi, DoorDash, Full Truck Alliance and Dingdong, though shares plunged last...
by Amruth Sundarkumar | Jul 12, 2021 | High Yield Bonds
SoftBank’s Second Vision Fund has invested ~$13bn in more than 50 companies in Q2, up from $2bn in less than 20 companies in the previous quarter. FT reported that the fund had invested ~$20bn in more than 90 companies and could invest in another ~30 companies....
by Amruth Sundarkumar | Jul 1, 2021 | Investment Grade Bonds
SoftBank raised over $7bn via an eight-part EUR and USD offering (table above). The bonds have expected ratings of BB+ and received combined orders over $16bn, ~2.2x issue size. SoftBank last tapped offshore bond markets in 2018 when they raised $1.25bn via USD bonds...
