AISoftBank reportedly seeks over $11 billion in junk bonds for OpenAI
Times New reports an offering of $10 billion in dollar-denominated bonds and €1 billion in euro-denominated bonds, with proceeds intended for a $10 billion OpenAI payment and general corporate purposes.
TLDR
Times New reports that SoftBank launched the bond offering to help fund a follow-on investment in OpenAI. The outlet says Fitch assigned the proposed bonds a BB+ rating, with pricing expected on September 24, 2026, and settlement on September 29. The Kobeissi Letter, citing Bloomberg, describe the planned financing as one of the biggest junk-bond deals ever. It also says SoftBank had sold about $15 billion in notes so far in 2026, making it the largest junk-rated borrower in bond markets that year to date.
SoftBank reportedly seeks over $11 billion in junk bonds for OpenAI
Times New reports an offering of $10 billion in dollar-denominated bonds and €1 billion in euro-denominated bonds, with proceeds intended for a $10 billion OpenAI payment and general corporate purposes.
TLDR
Times New reports that SoftBank launched the bond offering to help fund a follow-on investment in OpenAI. The outlet says Fitch assigned the proposed bonds a BB+ rating, with pricing expected on September 24, 2026, and settlement on September 29. The Kobeissi Letter, citing Bloomberg, describe the planned financing as one of the biggest junk-bond deals ever. It also says SoftBank had sold about $15 billion in notes so far in 2026, making it the largest junk-rated borrower in bond markets that year to date.