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 (Bloomberg) — SkimNews
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- SoftBank Group Corp. is seeking to raise $10 billion in dollar-denominated and €1 billion in euro-denominated debt to finance its investment in OpenAI, according to Bloomberg sources.
- The combined equivalent of more than $11 billion would make the issuance one of the biggest junk bond deals ever, per Bloomberg's reporting.
Why it matters: A junk bond deal exceeding $11 billion to fund a single AI investment underscores both SoftBank's aggressive capital commitment to OpenAI and high-yield debt markets' appetite for absorbing tech-driven mega-deals at non-investment-grade terms.
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