Sources said SoftBank is discussing with banks a bond sale of $10–20 billion to
help refinance loans taken to fund its OpenAI investment. The bonds, likely
denominated in dollars and euros, could price as early as September and would
partly repay a $40 billion bridge loan taken earlier this year. SoftBank plans
to invest nearly $65 billion in OpenAI by October, with part financed by debt.
The group is weighing a 144A issuance for the first time in over a decade to
access US institutional investors and broaden demand.
