SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
SoftBank Group has initiated a bond sale worth over $11 billion, one of the largest corporate debt deals in Asia Pacific. The funds will be used for SoftBank's third tranche investment of $10 billion into OpenAI, expected to close on October 1. The offering includes dollar-denominated notes split across multiple maturities and euro-denominated bonds. The deal is anticipated to surpass previous records set by non-financial corporate bond sales in the region and rank among the top global deals this year. Proceeds will also cancel a $10 billion bridge loan previously secured for the same investment, reducing SoftBank's debt burden. The company has already committed nearly $65 billion to OpenAI under its long-term strategic vision.
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