SoftBank Raises Over $11bn in Record Junk Bond Sale
UKPulse Money Desk
SoftBank has completed a record-setting junk bond offering, raising more than $11 billion. The funds are intended to finance the group's investment in OpenAI.
- SoftBank raised over $11 billion in its bond sale.
- The offering is the largest junk bond sale on record.
- Yields on the bonds reached up to 9.75%.
SoftBank, led by Masayoshi Son, has successfully raised more than $11 billion through a bond offering. This transaction marks the largest junk bond sale on record, with the group paying yields of up to 9.75%.
The capital secured from this bond sale is designated to fund SoftBank's investment in OpenAI.