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Story summary
- SoftBank Group Corp. priced a ¥1 trillion seven-year retail bond with a 4.75% coupon.
- The bond was priced at the top of SoftBank’s 4.3%–4.9% guidance range.
- Nomura Securities’ Kazuma Ogino said higher yields give a tailwind to Japan’s retail bond market.
- Issuance of yen-denominated retail corporate bonds hit a record ¥2.88 trillion through Sept. 4.
- Average coupon on yen-denominated retail corporate bonds this year is 2.3%, Bloomberg data show.
