SoftBank reportedly launches $10 billion and €1 billion bond sale to help fund OpenAI
Times New, citing a term sheet, says proceeds are intended to cover a $10 billion OpenAI payment and general corporate purposes. Bloomberg reports it would be one of the biggest junk-bond deals ever.
TLDR
Times New, citing a term sheet, reports that SoftBank launched a bond offering of $10 billion in U.S. dollars and €1 billion in euros. Proceeds are intended to fund a $10 billion payment for the third tranche of its follow-on OpenAI investment, plus general corporate purposes.
The outlet said pricing was expected on September 24, 2026, and settlement on September 29, with the OpenAI investment expected to close October 1. Bloomberg, citing sources, says the financing would be one of the biggest junk-bond deals ever.
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