SoftBank junk bond sale raises stakes for CEO Son’s all-in AI bet
SoftBank’s promise to pay its highest-ever yields in a record $11 billion junk-bond offering highlights the pressure on CEO Masayoshi Son to secure returns on his all-in bet on AI amid concerns about possible overheating in the market.
The SoftBank debt issuance last month added to a sharp surge in corporate borrowing this year, including major bond sales from Amazon.com, Alphabet and Tencent.
