SoftBank issues $11.1 billion in bonds to fund its OpenAI bet
It is the world's biggest high-yield corporate bond sale, according to Reuters. SoftBank shares rose more than 7%, according to CNBC.
SoftBank issued $11.1 billion in bonds to help pay for its OpenAI investment, according to CNBC. The bonds carry yields of up to 9.75%, according to the Financial Times. A Bloomberg analysis published today says that debt has become costlier, riskier and bigger.
Sources: Reuters · CNBC · Financial Times · Bloomberg