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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows
- SoftBank Group launched US$10 billion and €1 billion in senior unsecured notes to fund its investment in OpenAI.
- The dollar notes have terms of 3½, 5½, and 7½ years, while the euro notes have four- and six-year terms.
- The proceeds will fund SoftBank’s US$10 billion payment for the third tranche of its follow-on OpenAI investment and support general corporate purposes.
- The bonds are expected to replace SoftBank’s US$10 billion bridge loan, with pricing planned for September 24 and settlement for September 29.
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Cryptocurrency News | Cryptocurrency Prices | Market CapSoftBank seeks over $11B in junk bond deal to fund OpenAI investment
SoftBank's massive bond issuance for OpenAI investment underscores its high-stakes bet on AI, highlighting potential financial risks and rewards.
According to ChainCatcher, SoftBank Group has issued $10 billion and $1 billion in European bonds to invest in OpenAI.
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Total News Sources11
Leaning Left0Leaning Right3Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
C 57%
R 43%
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