SoftBank weighs up to $20B bond sale for OpenAI investment

SoftBank is reportedly considering a $10B-$20B dollar and euro bond offering as early as September to help finance its massive OpenAI investment push.
Part of the proceeds could refinance a $40B bridge loan used for the investment, while SoftBank is expected to have nearly $65B invested or committed to OpenAI by October.
At the top end, the offering would become the largest offshore bond sale by an Asian company this year.
Credit markets reacted to the report, with SoftBank's 8.5% dollar bond falling about 2.3 cents and its credit-default swaps widening 10.7 basis points.