SoftBank ¥500 Billion Bond Coupon Highest in More Than a Decade

SoftBank Group Corp. will raise about ¥500 billion ($3.2 billion) from retail investors at a coupon of 3.98% — the highest on a yen-denominated senior bond from the company in more than 15 years.

The rate on the unsecured seven-year note was set near the upper end of the previously announced range of 3.5%–4.1%, according to a term sheet from the company Wednesday. The last time it sold a like bond with a coupon that high was in 2009 at 4.52%.