AISoftBank reportedly seeks more than $11 billion in junk bonds for OpenAI bet
The Japan Times describes SoftBank’s fortunes as tied to its ability to make money from its OpenAI stake.
TLDR
The Japan Times reports that SoftBank is seeking more than $11 billion in junk bonds for its OpenAI investment. A separate post says some bonds are being marketed at around 9%–10%. Its author argues that borrowing near 10% changes the investment math: returns must eventually justify expensive financing, and investors may pay closer attention to cash generation.
SoftBank reportedly seeks more than $11 billion in junk bonds for OpenAI bet
The Japan Times describes SoftBank’s fortunes as tied to its ability to make money from its OpenAI stake.
TLDR
The Japan Times reports that SoftBank is seeking more than $11 billion in junk bonds for its OpenAI investment. A separate post says some bonds are being marketed at around 9%–10%. Its author argues that borrowing near 10% changes the investment math: returns must eventually justify expensive financing, and investors may pay closer attention to cash generation.
