SoftBank Seeks Over $11 Billion in Junk Bonds to Fund Its OpenAI Bet as Masayoshi Son Doubles Down on AI Investment
SoftBank Group is preparing to raise more than $11 billion through a high-yield bond sale, in what would rank among the largest junk bond deals ever completed, as billionaire founder Masayoshi Son pushes the conglomerate further into debt-financed bets on OpenAI. The Japanese company launched the offering on Monday, seeking $10 billion in dollar-denominated notes … Read more