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Softbank To Raise $4 Billion in Bonds to Complete $S Acquisition

Softbank Corp. (9984), the Japanese wireless carrier that agreed to buy a $20 billion stake inSprint Nextel Corp. (S), wants to raise 370 billion yen ($4 billion) in bonds to help finance the acquisition.

Japan’s third-largest carrier priced 300 billion yen of 1.47 percent four-year notes that will go on sale to retail investors on Feb. 25, Nomura Holdings Inc. said in a statement today. The company also sold 70 billion yen of similar-maturity 1.467 percent debt, data compiled by Bloomberg show…”

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