{
  "id": 8836522,
  "title": "Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows",
  "url": "https://urgent.news/2026/09/21/softbank-group-launches-over-10-billion-in-bonds-for-openai-8836522",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T04:00:34.000Z",
  "source": {
    "name": "Economic Times Tech",
    "slug": "economic-times-tech",
    "url": "https://economictimes.indiatimes.com/tech/artificial-intelligence/softbank-group-launches-over-10-billion-in-bonds-for-openai-investment-term-sheet-shows/articleshow/134379411.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "SoftBank Group has launched over $10 billion in bonds to fund its investment in OpenAI. The dollar-denominated notes are split into 3.5-year, 5.5-year, and 7.5-year tenors, while the euro-denominated bonds are split into 4-year and 6-year tenors. According to the term sheet, the bond issuances are expected to price on September 24 and settle on September 29.\n\nThe bonds will be used to fund SoftBank's $10 billion payment for the third tranche of its follow-on investment in OpenAI, which is expected to close on October 1, and for general corporate purposes. SoftBank had earlier secured a $10 billion bridge loan facility to fund its OpenAI investment, which the bonds will cancel. Citigroup and JPMorgan are lead bookrunners of the notes.\n\nBloomberg reported that SoftBank is looking to issue $10 billion and €1 billion in debt for its OpenAI investment, in what would be one of the biggest junk bond sales ever. The bond sale comes as OpenAI anticipates significant negative free cash flow in the coming years, despite projected revenue growth.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows",
        "url": "https://urgent.news/2026/09/21/softbank-group-launches-over-10-billion-in-bonds-for-openai",
        "published": "2026-09-21T01:42:58.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows",
        "url": "https://urgent.news/2026/09/21/softbank-group-launches-over-10-billion-in-bonds-for-openai-8816866",
        "published": "2026-09-21T01:54:26.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Softbank Group launches over US$10 billion in bonds for OpenAI investment",
        "url": "https://urgent.news/2026/09/21/softbank-group-launches-over-us-10-billion-in-bonds-for-openai",
        "published": "2026-09-21T02:28:37.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows",
        "url": "https://urgent.news/2026/09/21/softbank-group-launches-over-10-billion-in-bonds-for-openai-8828370",
        "published": "2026-09-21T03:09:55.000Z"
      },
      {
        "outlet": "Techmeme",
        "title": "Sources: SoftBank is looking to issue $10B and €1B in debt for its OpenAI investment, in what would be one of the biggest junk bond sales ever (Bloomberg)",
        "url": "https://urgent.news/2026/09/21/sources-softbank-is-looking-to-issue-10b-and-1b-in-debt-for-its",
        "published": "2026-09-21T03:45:01.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "SoftBank seeks over $11B in junk bonds for OpenAI investment: report",
        "url": "https://urgent.news/2026/09/21/softbank-seeks-over-11b-in-junk-bonds-for-openai-investment-report",
        "published": "2026-09-21T04:09:00.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "SoftBank launches bond sale for OpenAI investment",
        "url": "https://urgent.news/2026/09/21/softbank-launches-bond-sale-for-openai-investment",
        "published": "2026-09-21T07:03:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}