Gone in 146 seconds: Japan's investors race to buy SoftBank bonds

SoftBank founder Masayoshi Son has relied heavily on local investors, particularly individuals, to raise capital

Monex Group’s online brokerage sold out 500 million yen ($4.6 million) of SoftBank  bonds to Japanese individuals in less than three minutes, a sign of strong demand for the conglomerate’s debt despite skepticism about some of the firm’s recent investments.

Tokyo-based Monex started selling the bonds at 9 am on Monday and ran out at 9:02:26, said Shinichiro Yamada, general manager in the firm’s products department. That’s despite a fierce typhoon that hit the nation that day, disrupting trains and airplane schedules. It takes the brokerage about two weeks to sell out on average.

SoftBank founder Masayoshi Son has relied heavily on