SoftBank Corp will likely decide as early as Monday to raise up to 120 billion yen ($808.79 million) via Japan’s first public offering of bond-type class shares, Bloomberg News reported, citing people familiar with the matter.
The telecommunications unit of billionaire Masayoshi Son’s holding company will hold a board of directors’ meeting to approve sales of the new shares, said the people, who asked not to be identified because the information hasn’t yet been made public. The securities give their holders no voting rights nor the right to convert them to common stock.
