SoftBank issues $11.1 billion in bonds in OpenAI financing push
Technology investor SoftBank Group has issued a total of $11.1 billion in dollar- and euro-denominated bonds, a filing showed on Thursday, as it looks to generate cash to continue its investments in artificial intelligence.
SoftBank issued dollar-denominated senior notes of $1 billion at a 3-1/2-year term, $4.5 billion at 5-1/2 years and $4.5 billion at 7-1/2 years, the filing showed. The bonds pay interest rates of 8.625%, 9.25% and 9.75% respectively.
It also issued two €500 million tranches of euro-denominated senior notes with terms of four and six years, yielding 7.125% and 8%, the filing showed.
