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SoftBank to Buy Back $1.87 Billion of Corporate Bonds

By
Juro Osawa
· · Source: The Information

SoftBank said Monday it will buy back as much as 200 billion yen ($1.87 billion) of its domestic unsecured corporate bonds. The move is part of SoftBank’s effort to reduce its debt, after the Japanese company reported a record annual loss in the last fiscal year ended March. On Monday, SoftBank also said it expects a gain of about 600 billion yen ($5.6 billion) in the current quarter through...

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