SoftBank’s Record Bond Sale to Test Demand After Risks Surged

(Bloomberg) — SoftBank Group Corp. plans to issue its biggest-ever yen bond in a test of whether individual investors will continue to lap up notes of one of the world’s most indebted firms during a time of market turbulence.

Billionaire Masayoshi Son’s technology conglomerate is marketing 550 billion yen ($4.8 billion) of seven-year subordinated notes, and the proceeds will be used to repay debt. The deal comes as signs that the Federal Reserve is turning more hawkish weigh on growth stocks with high valuations. SoftBank’s own shares plunged 33% last year, the most in 15 years.