SoftBank Unit Plans Debut Euro Bond as Group Makes Big AI Push

SoftBank Corp., a unit of Japanese conglomerate SoftBank Group Corp., 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.