SoftBank mulls up to $20 billion bond sale for OpenAI financing

SoftBank Group Corp. is talking with investment banks about a potential $10 billion to $20 billion bond offering to help refinance a loan for its investment in US tech giant OpenAI, according to people familiar with the matter.

The offering could be denominated in dollars and euros and could come as early as September, said the people, who asked not to be identified discussing private matters. The talks are still ongoing and details could change, the people added.