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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows
Source: reuters.com
Artificial IntelligenceCredit & Bond MarketsTechnology & Innovation
SoftBank Group launched $10 billion of dollar-denominated and €1 billion of euro-denominated senior unsecured notes to fund its investment in OpenAI. The $11 billion-equivalent debt issuance underscores SoftBank's large-scale commitment to AI, while increasing leverage and financing exposure for the group.
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