ME News reports that on September 23 (UTC+8), SoftBank Group launched a transaction that could become the largest corporate junk bond issuance in history, aimed at funding massive investments in artificial intelligence. The offering plans to raise over $11 billion, including a $10 billion USD tranche and a €1 billion (approximately $1.1 billion) EUR tranche, to support its nearly $65 billion commitment to OpenAI and additional merger and acquisition financing. (Source: ChainCatcher)
SoftBank launches its largest-ever junk bond offering to raise over $11 billion
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SoftBank Group is set to launch what could be the largest junk bond offering in corporate history, aiming to raise over $110 billion to fund major AI investments. The offering includes a $100 billion portion and a €10 billion euro portion, supporting its $650 billion commitment to OpenAI and M&A activity. The move comes amid growing news in crypto and cryptocurrency trends related to tech and AI funding.
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