AIBloomberg1h ago
SoftBank is looking to issue $10B and €1B in debt for its OpenAI
Sources: SoftBank is looking to issue $10B and €1B in debt for its OpenAI investment, in what would be one of the biggest junk bond sales ever
TL;DRSoftBank is raising $11B in junk bonds to fund its OpenAI investment.
Why it matters: Signals confidence in AI's value while raising borrowing costs; reflects aggressive bet on OpenAI's future.
SoftBank Group Corp. is seeking the equivalent of more than $11 billion in what would be one of the biggest junk bond deals ever …
Read full articleSource: Bloomberg · Opens in new tab