SoftBank's $400 billion OpenAI loan adds 21 new lenders

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SoftBank’s $400 billion bridge loan for its OpenAI investment has attracted 21 new lenders, enhancing liquidity and boosting activity in crypto markets. New lenders, including Abu Dhabi Commercial Bank, Singapore’s GIC, and Standard Chartered, secured approximately $70 billion. CFT compliance remained a key consideration throughout the syndication process. The underwriters retain the remaining $330 billion, with future distribution expected.
ME AI news: The $40 billion bridge loan raised by SoftBank Group to invest in OpenAI has attracted 21 new lending institutions during the broader syndication phase. According to sources, these new lenders collectively secured approximately $7 billion of the loan amount. Abu Dhabi First Bank, Singapore’s Government Investment Corporation, and Standard Chartered each committed nearly $1 billion. The remaining funds were allocated to banks in Europe, Japan, and Taiwan. The remaining $33 billion of the bridge loan is currently held by the lead underwriters and senior lenders, but may be further syndicated in the future. (Source: BlockBeats)
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