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SoftBank issues $11.1 billion in bonds in OpenAI financing push
TOKYO: Tech investor SoftBank Group has issued $11.1 billion in dollar- and euro-denominated bonds, set to be the largest high-yield bond sale on record by an Asia-Pacific issuer as it seeks to fund its mammoth bet on OpenAI. The funding comes on top of a 1 trillion yen ($6.3 billion) bond issue aimed at retail investors this month, and is likely to prompt further scrutiny of SoftBank’s finances, which could be vulnerable should market sentiment turn against OpenAI and other AI firms. SoftBank has committed $64.6 billion to OpenAI as well as billions more in related AI infrastructure pro...
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