SoftBank's Bond Underwriting Fee Drops for First Time in Decade [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance
Most Read from Bloomberg Hunter Biden Convicted of Gun Charges by Jury in Delaware Apple Hits Record After Introducing ‘AI for the Rest of Us' Dozens of CVS Generic Drug Recalls Expose Link to Tainted Factories Pimco Warns of More Regional Bank Failures on Property Pain Stocks Rise as Solid Treasury Sale Spurs CPI Bets: Markets Wrap Billionaire Masayoshi Son's firm paid brokerages ¥1.10 per ¥100 to underwrite ¥550 billion ($3.5 billion) of seven-year notes for individual investors, according to a company filing. That was a decrease from the ¥1.25 rate that it paid on its retail bond sales since 2014, including its most recent deal in March, data compiled by Bloomberg show. Debt rating firms have raised SoftBank Group's grade as the Tokyo-based company's earnings from investment begin to stabilize. Japan Credit Rating Agency Ltd. in April lifted the firm's debt score to A from A-, its first upgrade in more than a decade, while S&P Global Ratings raised SoftBank's rating
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