Enterprise ·
SoftBank launches ~$11B bonds to fund OpenAI investment tranche
Reuters reported (Sept 21) that SoftBank Group launched the sale of $10 billion and €1 billion (~$1.15B) senior unsecured notes to fund its third $10 billion follow-on OpenAI payment expected to close Oct 1, cancelling a prior $10 billion bridge loan; dollar notes span 3.5-/5.5-/7.5-year maturities and euro notes 4-/6-year, with pricing eyed Sept 24 and settlement Sept 29. At planned size the deal would be the largest Asia-Pacific/Japan non-financial corporate bond on record (surpassing 7-Eleven’s $10.93B in 2021) and among 2026’s 20 biggest global corporate bond deals; Fitch rated the notes BB+. SoftBank declined comment on the term sheet. Distinct from SoftBank’s SB Energy Ohio NVIDIA AI-factory campus and from SoftBank as an OpenAI Presence design partner.
Source: Reuters





