Japan’s SoftBank Group planning a bond issue of around one trillion yen ($6.26 billion) aimed at retail investors in Japan, Nikkei reported on Tuesday.
The bond sale is expected to be the largest-ever retail issue by a Japanese company, it added.
SoftBank has embarked on a wave of investment in artificial intelligence businesses and has turned to loans, bonds and asset sales to fund it.
SoftBank said that the report was not based on anything it had released and so declined to comment.
The debt will be in the form of seven-year bonds and analysts expect the interest rate to be in the upper 4% range, the Nikkei said.
Terms will be decided in early September, the report added.
Reuters
