SoftBank launches $11bn junk bond sale to fund next OpenAI investment tranche

SoftBank is launching an $11 billion junk bond deal, one of the largest ever by a single company, to fund its next OpenAI investment tranche — a $10 billion payment expected to close Oct. 1, replacing a previously arranged $10 billion bridge loan. The multi-part dollar- and euro-denominated deal is expected to price Thursday.

Detected & updated continuously · Source: Nebula