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Published on 9/13/2010 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

SoftBank to redeem all remaining 7¾% senior notes due 2013 at 103.875

By Marisa Wong

Madison, Wis., Sept. 13 - SoftBank Corp. said it will redeem all €352.55 million of its outstanding 7¾% senior notes due Oct. 15, 2013.

The notes will be redeemed on Oct. 15 at €1,038.75 for each €1,000 principal amount of notes, plus accrued interest up to the redemption date of €38.75 for each €1,000 principal amount.

Deutsche Trustee Co. Ltd. is the trustee. Deutsche Bank AG, London Branch is the principal paying agent and transfer agent, and Deutsche Bank Luxembourg, SA is the registrar and Luxembourg paying agent and transfer agent.

SoftBank is a Tokyo-based telecommunications firm.


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