June 28, 2020
By Sam Nussey
TOKYO (Reuters) – Japan’s SoftBank Group Corp <9984.T> said on Monday it will repurchase up to 200 billion yen ($1.9 billion) of its domestic unsecured corporate bonds from June 30 to July 17, part of its plan to pay down debt.
SoftBank Chief Executive Masayoshi Son is undertaking an asset monetisation programme to raise $41 billion to fund share buybacks and reduce debt, following a series of soured tech investments that drove the group to a record annual loss.
(Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)
from One America News Network https://ift.tt/3ihVIl9
SoftBank to repurchase $1.9 billion of corporate bonds
![SoftBank to repurchase $1.9 billion of corporate bonds]()
Reviewed by Riyad
on
June 28, 2020
Rating:
No comments: