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SoftBank launches massive junk-bond offering to finance its AI strategy

PANews reported on September 23 that SoftBank Group has launched a transaction set to become one of the largest corporate junk-bond offerings in history. The Japanese conglomerate is tapping debt investors to fund large-scale investments in artificial intelligence. As one of the world's largest AI investors, SoftBank has begun marketing the multi-tranche transaction, with initial price guidance underway for the USD portion. The offering aims to raise more than 11000000000 USD in proceeds, including 10000000000 USD in USD-denominated debt tranche and 1000000000 EUR(approximately 1100000000 USD) in EUR-denominated debt tranche. The offering is the latest in a series of SoftBank's moves in the bond market this year, intended to help fund its commitment of nearly 65000000000 USD to OpenAI, as well as further M&A in the sector.

Source: https://www.panewslab.com/zh/articles/01a0cc4d-9d2e-7300-8104-6d2c75cec703