On May 29, SoftBank Group issued a statement on the 29th stating that it plans to redeem US$2 billion in perpetual US dollar bonds on the first redemption day on July 19, because it fulfilled its previous commitment to repurchase such bonds in advance.
The company sold 222 billion yen ($1.6 billion) of bonds in Japan in April and indicated at the time that some of the proceeds would be used to redeem dollar-denominated debt.
The buyback would help ease investor concerns that the callable notes are still outstanding.