SoftBank Plans Up to $20B Bond Issuance as Early as September to Fund OpenAI Bet

SoftBank is in talks with investment banks to issue $10 billion to $20 billion in dollar and euro bonds, slated for September, primarily to repay a $40 billion bridge loan taken on to invest in OpenAI. The move is part of SoftBank's financing arrangements to fulfill its nearly $65 billion investment commitment to OpenAI, highlighting rising financing demand in the AI sector, though its junk-grade credit rating has also sparked market concerns over credit risk and return prospects.