SoftBank Group Corp. is looking to raise up to ¥400 billion through a domestic bond sale, Bloomberg News reported Aug. 6, citing people with knowledge of the matter.
The Japanese conglomerate is planning to sell ¥300 billion to ¥400 billion of seven-year notes to individuals in September and has reportedly hired Nomura Holdings Inc. as lead manager for the sale.
SoftBank, which has a ¥400 billion bond due Sept. 12, could set the bond's marketing range as early as the current month, according to the report.
In other SoftBank news, the Japanese conglomerate led a US$200 million investment in Boston-based antivirus startup Cybereason Inc.
Cybereason, which has previously raised capital from CRV, Spark Capital Partners LLC and Lockheed Martin Corp., will use the additional capital to speed up its operations focusing on global growth in all geographies. The company will also build a full-stack offering for autonomous security, according to a company release.
As of Aug. 6, US$1 was equivalent to ¥106.34.