SoftBank issues $11.1B in bonds to fund OpenAI investment
SoftBank issued $11.1 billion in bonds: $10 billion in dollar-denominated notes and €1 billion in euro notes. Proceeds will fund a $10 billion final tranche of its $30 billion OpenAI investment, expected to close Oct. 1. SoftBank shares jumped over 7%.
- Bonds: $10B in dollar notes and €1B in euro notes
- $10B final OpenAI tranche expected to close Oct. 1
- Total OpenAI investment to reach $64.6B and ~13% stake
- SoftBank shares rose more than 7%
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