SoftBank, a unit of Japanese conglomerate SoftBank Group, is preparing to sell its first euro-denominated bond as founder Masayoshi Son makes a big push into artificial intelligence.
The unit, which listed in 2018 as the mobile arm of SoftBank Group, has mandated a group of banks to arrange investor calls in Asia and Europe starting Wednesday, according to a person familiar with the matter. The potential sale is for benchmark-sized, fixed-rate senior unsecured euro tranches with long six- and 10-year maturities, they said.
SoftBank, which also includes financial services and AI, sold its first U.S. high-grade bond last year. The $1 billion offering of five- and 10-year debt drew demand more than seven times the size of the transaction and priced inside initial guidance.
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