Softbank Group plans Japan’s biggest bond sale

Softbank Group Corp. is planning to sell what could be Japan’s biggest yen corporate bond so far this year, tapping strong demand for its debt from individual investors as borrowing costs drop. The company plans to price 450 billion yen ($4.1 billion) of subordinated bonds due in 2028 on Sept. 10, and the debt will target retail investors to refinance existing bonds, according to a regulatory filing. That would follow a 405 billion yen junior debt sale to individuals in June that was the nation’s largest company note this year.