Softbank has over $ 7 billion in jumbo offshore bonds …

Softbank has over $ 7 billion in jumbo offshore bonds …


SoftBank Group Corp. has set the price for Asia’s second-largest offshore fixed income transaction this year, raising approximately $ 7.35 billion in bicurrency-denominated debt offerings.

A major Japanese tech company sold $ 3.85 billion in dollar-denominated debt and € 2.95 billion ($ 3.5 billion) in bonds on Wednesday, second only to Nippon Telegraph and Telephone in February. It was an overseas debt transaction by Softbank since 2018.

Driven by investment sector profits, SoftBank posted record quarterly profits from Japanese companies earlier this year. Founded and led by Masayoshi Son, the company entered the market at an ideal time, with US junk-rated dollar bond yields at record lows and tech stocks near record highs. Still, the outlook for rising interest rates could bring headwinds to one of Japan’s most debt-rich companies.

Softbank, which has a speculative grade score of BB + at S & P Global Ratings, said it plans to use the proceeds from Wednesday’s fixed income transactions to repay existing debt and for general corporate purposes. According to a spokesman for the company, issuers have received more than $ 16 billion worth of demand from more than 400 investors.

CreditSights analysts Mary Pollock and Oliver Burke said Softbank’s top priority for cash would probably continue to be a “speculative and risky investment” by buying shares in a private sector through one of its investment funds. I wrote in this week’s memo. They wrote that if their son’s strategy or changes in risk sentiment were surprised by the downsides of creditors, they would prefer to expose the company to short-term debt because it is unlikely to revise the price of risk.

According to data compiled by Bloomberg, SoftBank sold about $ 12.7 billion in bonds this year, making it the world’s largest junk-rated corporate bond issuer in the first half of the year.

The price in June was 450 billion yen ($ 3.6 billion), which was the largest notebook sales of the year in the domestic market. Japan Credit Rating Agency evaluates issuers and recent yen bond offerings as investment grade.

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A collaboration between Japan and Europe aimed at promoting offshore victory …

A collaboration between Japan and Europe aimed at promoting offshore victory …


The central government learned on Saturday that it plans to build a supply chain to promote offshore wind through the cooperation of Japanese and European companies.

Under this plan, the government wants Japanese companies to supply parts using European technology. We are considering attracting manufacturing bases to Japan and promoting exports to Asia.

The government, which aims to achieve carbon neutrality by 2050, Offshore wind power as a key To realize a carbon-neutral society. However, Japanese companies are lagging behind their overseas rivals in the wind power business.

As a first step, the government will hold an online seminar on offshore wind power generation on May 17, in collaboration with the Japan Business Federation, which is the largest business lobby in Japan and is also known as Keidanren.

Global companies such as Siemens Energy of Germany are invited to match with Japanese companies that can manufacture parts for nacelles that house generators and other wind turbine components.

The seminar is also aimed at introducing SMEs that can manufacture wind turbine components.

An event that brings together European companies involved in the construction of offshore wind farms, major Japanese general contractors, and trading companies is scheduled for this summer at the earliest.

Seminars are also being considered to promote carbon capture and storage technology exports to the United States and offshore wind and other low-carbon technologies in Asia.

The number of parts for offshore wind turbines is 10,000 to 20,000, and the scale of business is usually several hundred billion yen, which has a ripple effect on related industries.

The government wants to attract European manufacturers to set up a factory in Japan and have Japanese companies supply parts. In the long run, we also expect parts to be exported to other Asian countries.

Economy around the world is moving to introduce offshore wind, especially in Asia, where China and Taiwan are trying to attract major US and European manufacturers.

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Tokyo Gas installs 19 offshore wind turbines in Carbo …

Tokyo Gas installs 19 offshore wind turbines in Carbo …


Tokyo Gas Co., Ltd. plans to install 19 offshore wind turbines along the coast of eastern Japan from 2024 in line with the government’s move. Carbon Neutral Goals by 2050Said the gas and power companies.

Wind turbines are installed in the waters near the coast of Ibaraki Prefecture and produce up to 159.6 megawatts. This is enough renewable energy to supply 70,000 households annually. The start date of the project has not yet been decided.

The 680-hectare wind farm, which will be built near the coast 1.6 kilometers from Kashima Port, is also funded by the Ibaraki-based wind farm and Bena Energy Holdings, a renewable energy company in Singapore. ..

In a press release, Tokyo Gas President Takashi Uchida said, “We aim to lead the growth of renewable energy that contributes to the realization of a sustainable society.”

Mr. Uchida said that he is working to provide a stable power supply by balancing the fluctuations in the output of power generated by renewable energy with gas-fired power generation, which is the core business.

Prime Minister Yoshihide Suga has pledged construction, saying that greening will be a major driver of growth for Japan, the world’s third-largest economy and the fifth-largest carbon dioxide emitter. Offshore wind farm Invest in technology to produce hydrogen fuel using renewable energy.

The government has set a goal to increase offshore wind power from just 20,000 kW today to up to 45 kW in 2040.

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