SoftBank Weighs $20 Billion Bond Issuance to Fund OpenAI Investment

SoftBank Group is reportedly considering a massive $20 billion bond sale to finance its continued equity stake in OpenAI, a move that has already triggered upward pressure on the conglomerate's credit risk metrics.

26 Aug, 15:10 — 26 Aug, 15:10

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zerohedgeLow5d ago

SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake

SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake SoftBank Group's 8.5% notes due 2036 fell as much as 2.5 cents to about 98 cents on the dollar after Bloomberg reported that Masayoshi Son's conglomerate is considering a $10 billion to $20 billion bond offering, prompting traders to price in additional leverage and supply risk as the investment firm plans to refinance the massive bridge loan backing its OpenAI investment. Sources familiar with So...

By Tyler Durden

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SoftBank Weighs $20 Billion Bond Issuance to Fund OpenAI Investment

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SoftBank Credit Risk Rises As Firm Mulls $20 Billion Bond Sale For OpenAI Stake

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