The face value is about 5%, redeemable in five years, which feels more like creating a liquidity illusion for retail investors. Not many people probably hold until maturity.

Bloomberg reports that SoftBank plans to issue subordinate bonds to individual investors again, raising approximately 260 billion yen (about $1.6 billion), with a 35-year maturity and callable after 5 years.
The initial coupon rate range for the first five years is 4.8%–5.6%, and the pricing will be conducted on June 5.