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SoftBank seeks over $11 billion in bonds to fund OpenAI investment

Stockwhiz20/09/202622:16 ET
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SoftBank Group Corp. (TYO:9984) plans a jumbo dollar-and-euro bond sale exceeding $11 billion, with part of the proceeds earmarked for a follow-on investment in OpenAI.

The Japanese conglomerate is looking to issue $10 billion of dollar-denominated bonds across three maturities and 1 billion euros ($1.1 billion) of euro notes across two maturities, Bloomberg News reported Monday, citing people familiar with the matter.

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