SoftBank Launches $11 Billion Bond Offering for OpenAI Investment

By EC Assets · Published

SoftBank Group Corp. has launched an $11 billion bond offering. The bonds aim to fund an investment in OpenAI. SoftBank seeks to raise more than $11 billion in this offering. The bond deal could become the largest Asia Pacific and Japan non-financial corporate bond transaction on record, if it reaches its planned size. SoftBank is seeking this equivalent amount in what would be one of the biggest junk bond deals ever. provided this information. SoftBank Group Corp. is transitioning into a leveraged artificial intelligence platform linked to OpenAI. Apollo Global Management is in discussions to increase its loan to SoftBank's Vision Fund II. This potential increase would raise the loan from $5.4 billion to as much as $9 billion. This could provide the Japanese conglomerate with additional firepower for its $64.6 billion OpenAI bet. This article is intended for informational purposes only. It does not constitute investment advice.

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