SoftBank Group is discussing a potential bond sale of $10 billion to $20 billion as it looks to raise money for its investment in OpenAI, according to Bloomberg. The offering could be denominated in both U.S. dollars and euros and may start as early as September, though talks are still ongoing and the final size and terms could change. People familiar with the matter said part of the proceeds would go toward repaying the $40 billion bridge loan SoftBank obtained earlier this year to back its OpenAI investment. SoftBank is planning to invest nearly $65 billion in OpenAI by October, with part of that funding coming from borrowing. The report points to a large financing effort tied to one of SoftBank’s biggest AI-related commitments.
SoftBank Group is in talks with investment banks about a potential bond sale of $10 billion to $20 billion to raise funds for its investment in OpenAI, according to Bloomberg.
The bonds could be issued in both U.S. dollars and euros, with the sale possibly starting as early as September. The discussions are still underway, and the final size and terms of the offering may change.
People familiar with the matter said part of the proceeds would be used to repay the $40 billion bridge loan SoftBank secured earlier this year for its OpenAI investment. SoftBank plans to invest nearly $65 billion in OpenAI by October, with part of that funding coming from loans.
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