SoftBank may raise up to $20B in bonds to finance OpenAI bet

HUGE: SoftBank is reportedly in talks with investment banks over a $10B-$20B bond offering to help refinance debt tied to its OpenAI investment.
The deal would be the largest corporate bond sale by an Asian company this year.
By October, SoftBank is expected to have invested nearly $65B into OpenAI, according to Bloomberg.
The financing comes as companies have already raised more than $410B through bond markets this year to fund AI and data-center expansion.
The AI boom is increasingly being financed through debt, making credit markets a much bigger part of the AI investment story.