Bloomberg reports that Japan’s SoftBank Corp, the wireless group controlled by billionaire Masayoshi Son, is planning to sell bonds worth JPY400 billion (USD3.9 billion) – its first such sale since it abandoned plans to amalgamate Sprint Corp with T-Mobile US. In a filing to the Ministry of Finance, the carrier confirmed its intention to price the debt on 28 August when it looks to sell five-year notes to individual investors with a coupon range of 0.95% to 1.55%. Industry watchers suggest that Son’s decision to forge ahead with a debt sale indicates that his recent failure in the US market has not dampened his enthusiasm to raise funds to expand. Softbank-controlled Sprint broke off talks with T-Mobile just weeks ago amid regulatory concerns, leaving the Japanese-owned unit as the US’s number three wireless carrier – but well behind its two larger rivals.
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