SoftBank to sell 1 trillion yen in retail bonds, largest ever in Japan

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โดย Money & Banking·JP·Read original
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SoftBank Group is preparing to issue 1 trillion yen, or about 6.3 billion dollars, in bonds for retail investors, which would be the largest retail bond sale by any issuer in Japan, to raise funds for its investment commitments in OpenAI amid a global fundraising race among technology companies pouring money into artificial intelligence. The bonds will have a seven-year maturity and are expected to be priced on September 4, with an initial coupon range of 4.3 to 4.9 percent. The offering will be SoftBank's third retail bond issuance in 2026, after the company raised 418 billion yen in April and another 260 billion yen in June. SoftBank has already committed more than 60 billion dollars to OpenAI, the developer of ChatGPT, while accelerating investment in data centers to expand AI computing capacity.

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SoftBank's largest-ever retail bond sale raises funds for OpenAI investments, strengthening its capital position.

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