SoftBank taking orders for $10 billion in bonds to fund OpenAI investment, term sheet shows
23/09/2026 03:43
SoftBank taking orders for $10 billion in bonds to fund OpenAI investment, term sheet shows Sept 23 (Reuters) - SoftBank Group Corp 9984.T is taking investor orders for a $10 billion dollar bond deal to help fund its OpenAI investments, according to a term sheet reviewed by Reuters on Wednesday.
The Japanese conglomerate is aiming to raise $1 billion in a 3-1/2-year bond, $4.5 billion in a 5-1/2-year bond and $4.5 billion in a 7-1/2-year bond deal, the term sheet showed.
Potential investors have been told the price guidance for the 3-1/2-year bond is 8.75% to 8.875%, the 5-1/2-year bond is 9.375% to 9.5% and the 10-1/2-year bond is 9.75% to 9.875%, according to the term sheet.
SoftBank did not immediately respond to a request for comment.
(Reporting by Scott Murdoch in Sydney; Editing by Christian Schmollinger)
Recent news on Softbank
See all newsAnalysis: Anthropic IPO stands alone as AI market jitters sideline others
Japan's Nikkei slips as chip shares pressured by AI capex caution
Factbox: As Reliance Jio eyes listing, what are India's biggest share offerings?
Japan's Nikkei ends lower as higher yields, inflation fears weigh
OpenAI seeks to accelerate fundraising ahead of Anthropic IPO, sources say