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SoftBank raises $11.1 billion in bonds to fund its OpenAI investment
The brief
- SoftBank issued $11.1 billion in dollar- and euro-denominated bonds
- Yields reached 9.75% in the record junk bond offering
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SoftBank’s AI investments and bond sale
SoftBank raised more than $11bn in a record junk bond offering, paying yields of up to 9.75% to fund its OpenAI bet. Masayoshi Son is also seeking to build SoftBank into a leading AI platform through investments in AI and semiconductor assets.
Thursday, 24 September
- SoftBank raises $11.1 billion in bonds to fund its OpenAI investment