SoftBank sells $11.1 billion in junk bonds despite investor concerns
SoftBank Group Corp. completed a record $11.1 billion junk bond sale, according to Bloomberg reporting citing unnamed sources. The deal proceeded despite investor questions about OpenAI's potential stock listing timeline, SoftBank's data center investments, and the delayed IPO of its SB Energy unit. Founder Masayoshi Son reiterated his commitment to AI, saying he is "all in" on the technology.…
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Key points
- SoftBank sold $11.1 billion in junk bonds, a record for the company
- Investors raised concerns about OpenAI's listing, data centers, and SB Energy IPO
- Masayoshi Son said he remains "all in" on AI despite the scrutiny
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