SoftBank in talks for up to $20 billion bond sale to refinance OpenAI loan
SoftBank is in talks with investment banks over a $10-20 billion bond offering in dollars and euros, possibly as early as September, to partly repay a $40 billion bridge loan tied to its investment in OpenAI. The bond sale would be the largest from any Asian company.
Detected & updated continuously · Source: Nebula
Sources
@IPONewsroom_
SOFTBANK IS IN TALKS FOR A BOND SALE OF UP TO $20 BILLION TO REFINANCE ITS OPENAI LOAN • Talking with banks about a $10B-$20B offering in dollars and euros, possibly as early as September • Proceeds would partly repay a $40 billion bridge loan taken earlier this year • https://t.co/h3pPN8cRYI
@coinbureau
🇯🇵HUGE: SoftBank is borrowing BILLIONS to keep its OpenAI bet alive. The Japanese giant is reportedly in talks with investment banks over a $10–20B bond offering to help refinance a loan tied to its investment in OpenAI. The bond sale would be the largest from any Asian company https://t.co/0dFg916yus