Issue of the 27th Unsecured Straight Corporate BondMay 26, 2009
SOFTBANK CORP. (the ‘Company’) announces that it has determined the terms and conditions of the issue of its 27th unsecured straight corporate bond (also known as ‘Fukuoka SoftBank HAWKS Bond’, hereafter the ‘Bonds’).
The Company prepares gifts for all Bond subscribers (Fukuoka SoftBank HAWKS eco bag), and 20 couples (40 people) can also win a pair of tickets and one night's hotel accommodation for the HAWKS2010 season home opener by a lucky prize draw.
Summary of the 27th SOFTBANK CORP. Unsecured Straight Corporate Bond with inter-bond pari passu clause
|1. Total amount of issue||JPY 60 billion|
|2. Denomination per bond||JPY 1 million|
|3. Coupon rate||5.10% per annum|
|4. Issue price||JPY 100 par value|
|5. Term to maturity and redemption methods||2 years|
|a. Redemption at maturity||The principal of the Bonds will be redeemed in full on June 10, 2011.|
|b. Repurchase and redemption||Bonds may be repurchased for redemption at any time on or after the first day following the closing date, unless otherwise provided for by the book-entry transfer institution.|
|6. Coupon payment dates||The 10th of June and December|
|7. Offering period||From May 27, 2009 to June 9, 2009|
|8. Closing date||June 11, 2009|
|9. Method of offering||Offering to the general public|
|10. Collateral||No collateral or guarantee is pledged and no assets are specifically reserved to secure these Bonds.|
|11. Covenants||Negative pledge clause, clause for transformation from unsecured to secured status, and net worth maintenance clause|
|13. Place for handling subscriptions||Head office and domestic branches of underwriters|
|14. Bond trustees||Aozora Bank, Ltd.|
|15. Book-entry transfer Institution||Japan Securities Depository Center, Inc.|
|16. Rating||BBB (Japan Credit Rating Agency, Ltd.)|
|17. Use of proceeds||Repayment of borrowings and redemption of bonds|
This press release relates to an offering of Japanese Yen-denominated the 27th 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.
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