Softbank Corp will issue $3.2 billion in corporate bonds, the biggest ever by a non-financial Japanese firm to retail investors, to convert part of the $17.7 billion in short-term loans used to purchase Sprint Nextel Corp to longer term debt, two sources familiar with the matter said. Softbank will issue the four-year bonds as early as March, the sources told Reuters on condition they not be identified.Softbank, Japan's third-largest mobile carrier, agreed last year to purchase a 70 percent stake in Sprint for $20.1 billion, in the biggest foreign acquisition by a Japanese company to date.The Japanese firm borrowed from Mizuho Financial Group Inc , Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Deutsche Bank AG last December to fund most of the Sprint deal.
Deutsche Bank AG is a Germany-based global investment bank. Shares of DB traded higher by 1.99% or $1.0/share to $51.13. In the past year, the shares have traded as low as $27.03 and as high as $53.12. On average, 1490600 shares of DB exchange hands on a given day and today's volume is recorded at 1211458.
Mizuho Financial Group, Inc. is a Japan-based bank holding company. Shares of MFG traded higher by 2.18% or $0.09/share to $4.22. In the past year, the shares have traded as low as $2.80 and as high as $4.17. On average, 502915 shares of MFG exchange hands on a given day and today's volume is recorded at 752930.
Mitsubishi UFJ Financial Group, Inc. is a Japan-based company mainly engaged in the banking business. Shares of MTU traded higher by 0.53% or $0.03/share to $5.65. In the past year, the shares have traded as low as $4.16 and as high as $5.72. On average, 1699830 shares of MTU exchange hands on a given day and today's volume is recorded at 1470568.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.52% or $-0.03/share to $5.71. In the past year, the shares have traded as low as $2.20 and as high as $6.04. On average, 37612000 shares of S exchange hands on a given day and today's volume is recorded at 23097428.
Sumitomo Mitsui Financial Group, Inc. (SMFG) is engaged in the financial services-related business. Shares of SMFG fell by 0.97% or $-0.08/share to $8.21. In the past year, the shares have traded as low as $5.55 and as high as $8.39. On average, 656992 shares of SMFG exchange hands on a given day and today's volume is recorded at 1601263.
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