Japanese telecommunications group Softbank Corp has launched the sale of more than JPY20 billion (USD260 million) worth of two-year bonds, Bloomberg quotes a person with direct knowledge of the matter as saying. The telco intends to pay between ‘zero and nine basis points more than the yen swap rate’, according to the source, who declined to be named due to the confidential nature of the information.
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OVETEL Softbank markets USD260m of bonds
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