- SoftBank Group SFTBY is said to be seeking the equivalent of more than $11B in what would be one of the biggest junk bond deals ever, as billionaire Masayoshi Son’s conglomerate ramps up its investments in ChatGPT creator OpenAI OPENAI.
- The company is looking to issue $10B of dollar securities across three tenors, and €1B ($1.1B) of euro notes across two maturities, Bloomberg News reported.
- The money will be used in part to fund a follow-on investment in OpenAI expected to close next month, the report said. The deal may be priced on Thursday.
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