---
title: "SoftBank Group — Pricing of $10B and €1B of notes"
url: https://stacklist.com/card/36704dd5-7afb-444e-97cc-693b84f97053
source_url: "https://group.softbank/en/news/press/20260924"
stack: https://stacklist.com/c/finance/stack/cd56e1a1-45bb-4978-945b-4a9e71b13b5f
summary: "SoftBank Group Corp. announced the pricing of $10 billion USD-denominated and €1 billion EUR-denominated senior notes due 2030-2034, with interest rates ranging from 7.125% to 9.750% per annum. The proceeds will fund the final tranche of SoftBank's $30 billion investment in OpenAI and general corporate purposes."
tags: "softbank, senior-notes, bond-issuance, debt-financing, openai-investment, foreign-currency, capital-markets"
key_entities: "SoftBank Group Corp. (organization), OpenAI Group PBC (organization), Citigroup Global Markets Inc. (organization), Goldman Sachs & Co. LLC (organization), J.P. Morgan Securities LLC (organization), Morgan Stanley & Co. LLC (organization), S&P Global Ratings Japan Inc. (organization), Fitch Ratings Japan Limited (organization), Singapore Exchange Securities Trading Limited (organization), senior-notes (concept), bond-issuance (concept), qualified-institutional-buyers (concept), United States (location), Europe (location), Asia (location), Japan (location), OpenAI follow-on investment (event)"
classification: "reference"
content_hash: "sha256:0501950430a8d1b8bcb81ac23960b609d96f78c3933d9ed0b9ba61bee28a2bfd"
acp_version: "0.2"
token_counts_approximate: 2713
visibility: public
agent_accessible: true
status: "final"
---

# SoftBank Group — Pricing of $10B and €1B of notes

Issuance of Foreign Currency-Denominated Senior Notes September 24, 2026 SoftBank Group Corp. SoftBank Group Corp. (“SBG”) announces that it determined the following terms and conditions for the issuance of its USD-denominated Senior Notes due 2030, due 2032, and due 2034 and EUR-denominated Senior Notes due 2030 and due 2032 (collectively, the “Notes”). The aggregate principal amount of the Notes is approximately USD 11.1 billion *1 or JPY 1,763.2 billion equivalent *2 (consisting of USD 10 billion of USD-denominated Senior Notes and EUR 1 billion of EUR-denominated Senior Notes). The terms and conditions are as follows. *1 Based on an exchange rate of EUR 1.00 = USD 1.1383 *2 Based on an exchange rate of USD 1.00 = JPY 158.30 1. USD-denominated Senior Notes Due 2030 Due 2032 Due 2034 1. Total amount of issuance *2 USD 1,000 million (JPY 158.3 billion) USD 4,500 million (JPY 712.4 billion) USD 4,500 million (JPY 712.4 billion) 2. Issue price 100% of the principal amount 3. Interest rate 8.625% per annum 9.250% per annum 9.750% per annum 4. Interest payment Payable semi-annually on April 1 and October 1 each year 5. Term 3.5 years 5.5 years 7.5 years 6. Maturity date April 1, 2030 April 1, 2032 April 1, 2034 7. Redemption at maturity Redemption in whole at maturity date at 100% of the principal amount 8. Early redemption Prior to the date that is 90 days prior to the maturity date, redemption of the Notes, in whole or in part, at 100% of the principal amount plus the applicable premium and accrued interest; and on or after the date that is 90 days prior to the maturity date, redemption of the Notes, in whole or in part, at 100% of the principal amount plus accrued interest 9. Expected issue date September 29, 2026 10. Offering method Offering in overseas securities markets, primarily in the United States, Europe and Asia (excluding Japan), pursuant to Rule 144A (Only Qualified Institutional Buyers that are also Qualified Purchasers) and Regulation S (without registration rights) 11. Collateral None 12. Guarantee None 13. Initial purchasers (Joint Global Coordinators) Citigroup Global Markets Inc. / Goldman Sachs & Co. LLC / J.P. Morgan Securities LLC / Morgan Stanley & Co. LLC and other Joint Bookrunners and Co-managers 14. Ratings BB+ (S&P Global Ratings Japan Inc.) and BB+ (Fitch Ratings Japan Limited) 15. Listing Singapore Exchange Securities Trading Limited 16. Use of proceeds For funding the USD 10 billion payment for the third and final tranche of the USD 30 billion follow-on investments in OpenAI Group PBC entered into in February 2026 (expected to close on October 1, 2026) and for general corporate purposes. Concurrently, SBG expects to cancel the remaining USD 10 billion of undrawn capacity under the USD 40 billion Bridge Facility Agreement entered into in March 2026 scrollable 2. EUR-denominated Senior Notes Due 2030 Due 2032 1. Total amount of issuance *3 EUR 500 million (JPY 90.1 billion) EUR 500 million (JPY 90.1 billion) 2. Issue price 100% of the principal amount 3. Interest rate 7.125% per annum 8.000% per annum 4. Interest payment Payable semi-annually on April 1 and October 1 each year 5. Term 4 years 6 years 6. Maturity date October 1, 2030 October 1, 2032 7. Redemption at maturity Redemption in whole at maturity date at 100% of the principal amount 8. Early redemption Prior to the date that is 90 days prior to the maturity date, redemption of the Notes, in whole or in part, at 100% of the principal amount plus the applicable premium and accrued interest; and on or after the date that is 90 days prior to the maturity date, redemption of the Notes, in whole or in part, at 100% of the principal amount plus accrued interest 9. Expected issue date September 29, 2026 10. Offering method Offering in overseas securities markets, primarily in the United States, Europe and Asia (excluding Japan), pursuant to Rule 144A (Only Qualified Institutional Buyers that are also Qualified Purchasers) and Regulation S (without registration rights) 11. Collateral None 12. Guarantee None 13. Initial purchasers (Joint Global Coordinators) J.P. Morgan Securities plc / Deutsche Bank AG, London Branch / Goldman Sachs International and other Joint Bookrunners and Co-managers 14. Ratings BB+ (S&P Global Ratings Japan Inc.) and BB+ (Fitch Ratings Japan Limited) 15. Listing Singapore Exchange Securities Trading Limited 16. Use of proceeds For funding the USD 10 billion payment for the third and final tranche of the USD 30 billion follow-on investments in OpenAI Group PBC entered into in February 2026 (expected to close on October 1, 2026) and for general corporate purposes. Concurrently, SBG expects to cancel the remaining USD 10 billion of undrawn capacity under the USD 40 billion Bridge Facility Agreement entered into in March 2026 scrollable *3 JPY equivalent based on an exchange rate of EUR 1.00 = JPY 180.19 Disclaimer Important Notice The Notes will not be registered under the Financial Instruments and Exchange Act of Japan, as amended, and will not be offered or sold, directly or indirectly, in Japan or to, or for the benefit of, any resident of Japan (including Japanese corporations), except as permitted under any applicable laws of Japan. This announcement is not an offer to sell or a solicitation of any offer to buy securities in the United States or elsewhere. The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws in reliance on the exemption from registration requirements provided by Rule 144A under the Securities Act, and SBG has not registered, and does not intend to register, as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). No public offering of Notes is being or will be made in the United States or any other jurisdiction. The Notes described in this announcement may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements under the Securities Act or any state securities laws. The Notes will be offered only (i) to U.S. persons reasonably believed to be both qualified institutional buyers (as defined in Rule 144A) in reliance on the exemption from registration requirements of the securities provided by Rule 144A under the Securities Act and qualified purchasers (as defined in Section 2(a)(51) under the Investment Company Act and the rules and regulations promulgated thereunder) and (ii) to non-U.S. persons outside the United States in offshore transactions in reliance on Regulation S under the Securities Act. This announcement is only directed at (A) persons who are located outside the European Economic Area or, if located within the European Economic Area, who are “qualified investors” within the meaning of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and (B) persons who are located outside the United Kingdom or, if located within the United Kingdom, are “qualified investors” as defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024 (the “POATRs“), who are persons (i) that have professional experience in matters relating to investments falling within the definition of “investments professional” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Order, or (iii) other persons to whom it may otherwise be directed without contravention of Section 21 of the Financial Services and Markets Act 2000 (all such persons in (A) and (B) above together being referred to as “Relevant Persons”). The Notes will only be available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the Notes will be engaged in only with, Relevant Persons. Please note, however, acquisition of the Notes by residents of Japan (including Japanese corporations) and certain other persons will be restricted as described above. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents. If you have received this announcement and you are not a Relevant Person you must return it immediately to SBG. This announcement is for informational purposes only and does not constitute and shall not, in any circumstances, constitute a public offering or an invitation to the public in connection with an offer within the meaning of the Prospectus Regulation and the POATRs. This announcement may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SBG or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties, both general and specific, that may cause actual results and future developments to differ materially from those expressed or implied by such statements. A number of important factors could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward looking statements. The past performance of SBG cannot be relied on as a guide to future performance. As such, undue reliance should not be placed on any forward-looking statement. Please read legal notices in their entirety prior to viewing any information available on this website. Releases, announcements, presentations and other information available from this page and elsewhere on this website were prepared based on information available and views held at the time of preparation and speak only as of the respective dates on which they are filed or used by SoftBank Group Corp. or the applicable group company, as the case may be. Such information is subject to change and may become out-of-date. Such information may also contain forward-looking statements which are by their nature subject to various risks and uncertainties that may cause actual results and future developments to differ materially from those expressed or implied by such statements. Please read legal notices in its entirety prior to viewing any information available on this website. 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