The 29th Unsecured Straight C

RNS Number : 4497Y
Softbank Corp
03 September 2009
 



September 3, 2009




Issue of the 29th Unsecured Straight Corporate Bond 


 SOFTBANK CORP. (hereafter the 'Company') announces that it has determined the terms and conditions of the issue of its 29th unsecured straight corporate bond (also known as 'Fukuoka SoftBank HAWKS Bond', hereafter the 'Bond').  

The Company prepares gifts for all Bond subscribers (a pair of White Family father's (a main character of SOFTBANK TV CM) mugs), and 20 couples (40 people) can also win a pair of tickets and one night's hotel accommodation for the HAWKS' 2010 season home opening game by a lucky prize draw.

The proceeds of the Bond will be used for repayment of borrowings and redemption of the existing bonds. There will be no change in the Company's policy of reducing the consolidated net interest-bearing debt.  



1.



Name of the Bond



29th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause (also known as 'Fukuoka SoftBank HAWKS Bond') 

2.

Total amount of issue

JPY 65 billion

3.

Denomination per bond

JPY 1 million

4.

Coupon rate

4.52% per annum

5.



Application of Act on Transfer of Company Bonds, etc.

The Act on the Transfer of Corporate Bonds, etc. shall be applicable to the whole Bonds.


6.

Issue price

JPY 100 par value

7.

Redemption price

JPY 100 par value

8.


Term to maturity and redemption methods 

3 years



(1)


Redemption at maturity


The principal of the Bond will be redeemed in full 

on September 18, 2012. 



(2)




Repurchase and redemption



Bonds may be repurchased for redemption at any time on or after the first day of following the closing date, unless otherwise provided for by the book-entry transfer institution. 

9.

Coupon payment dates

The 18th of March and September

10.

Offering period

From September 4, 2009 to September 17, 2009

11.

Closing date

September 18, 2009

12.

Method of offering

Offering to the general public

13.


Collateral


No collateral or guarantee is pledged and no assets 

are specifically reserved to secure the Bond.

14.



Covenants



Negative pledge clause, clause for transformation 

from unsecured to secured status, and net 

worth maintenance clause 

15.





Underwriters





Mizuho Securities Co., Ltd.

Daiwa Securities SMBC Co. Ltd.

Nomura Securities Co., Ltd.

Mitsubishi UFJ Securities Co., Ltd.

SBI SECURITIES Co., Ltd. 

16.


Place for handling subscriptions

Head office and domestic branches of underwriters


17.

Bond trustees

Aozora Bank, Ltd.

18.


Book-entry transfer institution


Japan Securities Depository Center, Inc.


19.


Issuing agent and paying agent

Aozora Bank, Ltd.


20.

Rating

BBB (Japan Credit Rating Agency, Ltd.)

21.


Use of proceeds


Repayment of borrowings and redemption of the existing bonds



'This press release relates to an offering of Japanese Yen-denominatethe 29th Unsecured Straight Corporate Bond (the 'Bonds') that is intended to be directed into Japan and its residents thereof in accordance with the laws, customary practices and documentation of Japan.  This press release does not constitute an offer of any securities for sale in the United States.  The Bonds have not been registered under the United States Securities Act of 1933, as amended (the 'Act'), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Act.'



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IODXXLBBKKBXBBQ
UK 100

Latest directors dealings