SoftBank to meet investors as potential jumbo bond sale eyed
Billionaire Masayoshi Son's investment firm is pressing ahead with a borrowing spree to finance its massive bet on artificial intelligence.
SoftBank Group is set to convene with investors in New York next week to gauge interest in a possible U.S. dollar junk-bond issuance, as the company continues its borrowing efforts to fund a substantial AI venture. SoftBank's CFO, Yoshimitsu Goto, and other executives will engage in face-to-face discussions at Citigroup's offices from September 14 to September 17, according to sources familiar with the matter.
Citigroup, Goldman Sachs Group, JPMorgan Chase, and Morgan Stanley are coordinating meetings with eligible investors who can purchase notes under the U.S. Rule 144A. These meetings are not directly linked to a specific offering.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
