The SoftBank Corp. will raise more than $800 million through bonds-like class shares

SoftBank Corp. will decide as early as Monday whether to raise up to 120 billion yen (S$1.1 billion) through Japan’s first IPO of bond-type class shares.

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The securities do not grant their owners the ability to vote or convert them into ordinary stock.

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The class shares’ annual dividend rate will change, and SoftBank has the right to buy them back at the issue price.

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