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According to people familiar with the matter, SoftBank Group is planning to raise more than 11 billion US dollars to launch one of the largest high-yield bond issuance transactions in history. Sun Zhengyi's integrated enterprise group is increasing its investment in ChatGPT developer OpenAI. People familiar with the matter said that the company plans to issue $10 billion dollar-denominated bonds with three periods; at the same time, it will issue 1 billion euro bonds, divided into two batches. Since the relevant negotiations were undisclosed information, people familiar with the matter requested anonymity. They added that part of the proceeds raised will be used for additional investment in OpenAI, which is expected to be completed next month. The bond deal will be priced on Thursday as soon as possible.
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According to people familiar with the matter, SoftBank Group is planning to raise more than 11 billion US dollars to launch one of the largest high-yield bond issuance transactions in history. Sun Zhengyi's integrated enterprise group is increasing its investment in ChatGPT developer OpenAI. People familiar with the matter said that the company plans to issue $10 billion dollar-denominated bonds with three periods; at the same time, it will issue 1 billion euro bonds, divided into two batches. Since the relevant negotiations were undisclosed information, people familiar with the matter requested anonymity. They added that part of the proceeds raised will be used for additional investment in OpenAI, which is expected to be completed next month. The bond deal will be priced on Thursday as soon as possible.
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