SoftBank Group Corp. amended its shelf registration with the Kanto Local Finance Bureau on August 24, 2026, filling in terms that had been left blank when the shelf was first filed in July. The vehicle is the company's 70th series unsecured straight bond, marketed under the retail-friendly nickname "Fukuoka SoftBank Hawks Bond," and aimed primarily at individual investors.
The headline number is ¥1tn: SoftBank Group will issue seven-year notes with a face value of ¥1,000,000 per unit, maturing on September 16, 2033. The coupon is not yet fixed. The filing sets an indicative range of 4.30% to 4.90% a year, with the final rate to be determined and announced on September 4, 2026. Subscriptions run from September 7 to September 16, with payment due September 17.
Eleven brokerages are underwriting the deal, led by Nomura Securities and Daiwa Securities.
| Underwriter | Allocation |
|---|---|
| Nomura Securities | ¥240bn |
| Daiwa Securities | ¥190bn |
| SMBC Nikko Securities | ¥150bn |
| Mizuho Securities | ¥120bn |
| Mitsubishi UFJ Morgan Stanley Securities | ¥110bn |
| SBI Securities | ¥100bn |
| Okasan Securities | ¥37bn |
| Iwai Cosmo Securities | ¥24bn |
| Tokai Tokyo Securities | ¥22bn |
| Mito Securities | ¥4bn |
| Nishi-Nippon City TT Securities | ¥3bn |
| Total | ¥1tn |
The bond carries no collateral or guarantee, but it is not covenant-free. SoftBank Group has agreed to a negative-pledge clause barring it from securing other domestic bonds ahead of this one, plus an option to convert to a secured structure if the bond trustee, Aozora Bank, requires it. A separate covenant requires SoftBank Group to keep audited net assets at or above ¥369.8bn at each fiscal year-end for as long as the bond is outstanding, with a four-month grace period before a shortfall counts as a breach. The Japan Credit Rating Agency is expected to assign an A rating to the issue on September 4, the same day the coupon is set.
The correction also shows how much room SoftBank Group has left to borrow under this program: the July 2 shelf registration set a planned issuance ceiling of ¥1.5tn, of which ¥1.41tn remained issuable as of the August filing, before this ¥1tn bond is counted against it. Retail investors who want in have a nine-day subscription window in September to decide whether a locked-in coupon of up to 4.90% for seven years is worth tying up capital with a technology and investment holding company whose earnings swing with global markets.