SoftBank Taps Retail Market Again With $1.6 Billion Yen Bond (2)

SoftBank Group Corp. plans to raise ¥260 billion ($1.6 billion) through another sale of subordinated bonds aimed mainly at individual investors, about two months after a similar retail offering.

The bonds mature in 35 years with an issuer call option after five years, according to documents disclosed by the company on Monday. The pricing is scheduled for June 5, with the initial five-year coupon guided at 4.8%-5.6%.

SoftBank’s swift return to the retail bond market comes amid its growing funding needs for artificial intelligence-related investments. The company downsized plans for a $10 billion margin loan backed by its OpenAI stake, ...