Friday, June 29, 2007

Softbank Raises 88.1 Billion Yen Selling Debt Backed by Handset Payments

(Bloomberg) -- Softbank Corp., owner of Japan's
third-largest wireless operator, said it sold 88.1 billion yen
($713 million) of loans and bonds backed by handset payments to
help repay debt.

The sale is part of the 200 billion yen the Tokyo-based
company is planning to raise this fiscal year from securitizing
handset payments, spokesman Jin Nakamura said today.


Read more at Bloomberg Bonds News

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