SoftBank issues $11.1 billion in bonds in OpenAI financing push
SoftBank Group has issued $11.1 billion in bonds to fund its investments in artificial intelligence, with a focus on OpenAI. The company issued dollar-denominated senior notes of $1 billion at a 3-1/2-year term, $4.5 billion at 5-1/2 years, and $4.5 billion at 7-1/2 years, with interest rates of 8.625%, 9.25%, and 9.75% respectively.
Additionally, the company issued two €500 million tranches of euro-denominated senior notes with terms of four and six years, yielding 7.125% and 8%. These bonds will be used to fund the final $10-billion tranche of $30 billion SoftBank has committed to investing in OpenAI, bringing its total investment in the company to $64.6 billion.
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