Lates News

SoftBank Group has launched what is set to be one of the largest corporate junk bond offerings in history, as the Japanese conglomerate turns to 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-part deal, with initial price guidance for the dollar portion underway. The group aims to raise more than $11 billion through the offering, including a $10 billion dollar-denominated portion and a 1 billion (approximately $1.1 billion) euro-denominated portion. The offering is the latest in a series of moves by SoftBank in the bond market this year, aimed at helping it fund its nearly $65 billion commitment to OpenAI and finance more mergers and acquisitions in the sector.