SoftBank Group in talks for $10-20 billion bond offering to refinance OpenAI loan

Published Aug 26, 07:42 AM UTC

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SoftBank Group is reportedly in discussions with investment banks regarding a potential bond offering valued between $10 billion and $20 billion. The proceeds from the bond sale would be used to refinance a loan that the Japanese conglomerate took out to fund its investment in US artificial intelligence company OpenAI. The information comes from sources familiar with the matter, indicating SoftBank's ongoing strategy to manage its debt and maintain its significant stake in the AI sector. The bond offering, if executed, would be one of the largest in recent memory and highlights the scale of SoftBank's financial commitments to high-growth technology firms.

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businessNeutral / independent

Original headline: SoftBank Group is talking with investment banks about a potential $10 billion to $20 billion bond offering to help refinance a loan for its investment in US tech giant OpenAI, according to people familiar with

Original language: EN

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OpenAI