SoftBank CDS approaches three-year high! OpenAI financing concerns intensify; "paper wealth" fails to quench cash thirst.

Zhito Finance APP has learned that SoftBank Group's credit default swaps (CDS) are hovering near a three-year high. Traders are assessing the potential impact of OpenAI's financing plans, and OpenAI is one of SoftBank's largest bets. According to data provider CMA, SoftBank's five-year CDS is quoted at about 383.2 basis points, close to its highest level since 2023.