SoftBank Lands $11B Junk-Bond Deal at Record Yields to Fund $65B OpenAI Bet
Summary
Bloomberg reports SoftBank's $11B junk-bond deal — one of the largest ever — priced despite investor questions about OpenAI's IPO timeline, data-center plans, and the delayed SB Energy listing. Proceeds partly fund a follow-on OpenAI investment closing next month, adding to Masayoshi Son's roughly $65B in existing OpenAI commitments. The $23T US high-yield market absorbed the risk at record yields, per the report.
Originally reported by bloomberg.com
Read the original article →Original headline: SoftBank Lands $11B Junk-Bond Deal at Record Yields to Fund $65B OpenAI Bet