by Amruth Sundarkumar | Jun 29, 2021 | Financial News
SoftBank plans to issue USD and/or EUR denominated bonds for the first time since 2018. Sources say that the issuance would span tenors from 3Y to 12Y with Deutsche Bank, Barclays and HSBC mandated for the planned offering. SoftBank last tapped offshore bond markets...
by Amruth Sundarkumar | Jun 3, 2021 | Banks
Credit Suisse (CS) is preparing a lawsuit against SoftBank regarding Greensill Capital’s failure in February that could see CS’s clients lose upto $3bn. Greensill’s largest investor was SoftBank’s Vision Fund. CS disputes that $440mn in funds were owed to their...
by bondevalue | May 28, 2021 | Investment Grade Bonds
WeWork’s estranged founder Adam Neumann has walked away with a settlement package worth about $450mn including cash, stock and fees from Softbank, as reported by the FT. The details of the settlement were revealed in an exchange filing earlier this month. This...
by bondevalue | May 20, 2021 | High Yield Bonds, India, Investment Grade Bonds
Adani Group’s renewables arm plans to acquire SoftBank’s energy unit at a valuation of $3.5bn. “The renewable energy platform that we are building will lay the foundation for attracting several other global industries that are increasingly looking to reduce their...
by bondevalue | May 17, 2021 | Asian Dollar Bonds, Financial Institution Bonds
Softbank set the record for the largest ever annual profit by a Japanese company with a net profit of JPY 4.99tn ($46bn) for the year ended March 31. The strong earnings by the Masayoshi Son-led company were fueled by gains of ~$58bn at the $100bn Vision Fund, $24bn...
