SoftBank raises record junk bonds to fund OpenAI investment

Summarised from 2 outlets · Updated 24 Sept, 23:26 · Archive

SoftBank raised more than $11bn in junk bonds at yields up to 9.75%.

SoftBank issued more than $11bn in junk bonds at record high yields of up to 9.75% to fund its ambitions with OpenAI. The sale represents the largest junk bond offering on record and the highest yields SoftBank has committed to pay for dollar bonds.

How it is being reported

• SoftBank pays steep price for record bond sale to fund OpenAI betFinancial Times · 24 Sept, 20:39
• SoftBank takes on junk-bond debt at record yields to fund OpenAI ambitionsThe Japan Times · 24 Sept, 04:27

In this story: SoftBank · OpenAI · Masayoshi Son

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem