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...
by bondevalue | Mar 9, 2021 | High Yield Bonds
SoftBank Group (SBG) announced the results of its tender offer announcing that it bought back $2bn equivalent of EUR and USD bonds under a tender offer. The pricing was done through a modified Dutch auction. All tranches in the USD offer were priced at the minimum...
by bondevalue | Mar 1, 2021 | High Yield Bonds, Investment Grade Bonds
SoftBank Group Corp. (SBG) announced that it has entered into a settlement agreement with Adam Neumann and the Special Committee of the Board of Directors of WeWork Inc on February 25, under which it would pay ~$1.6bn to buy shares from WeWork’s early investors....
by bondevalue | Feb 24, 2021 | High Yield Bonds
Softbank is set to increase its stake by 10.5% in WeWork through the purchase of shares worth $1.5bn from the early investors, including 25% of co-founder Adam Neumann’s stake worth ~$480mn. According to CNBC, the conglomerate is likely to offer the initially...
by bondevalue | Feb 22, 2021 | Investment Grade Bonds
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...
