SoftBank Record Junk Bond Sale Funds AI Bets
SoftBank recently completed a record eleven billion dollar junk bond offering offering yields up to 9.75 percent to fund massive artificial intelligence investments. The high cost reflects growing investor scrutiny over CEO Masayoshi Son concentrated portfolio bets on OpenAI and other technology firms.
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SoftBank Group is paying a record 9.75% coupon in an $11 billion junk-bond offering to fund its artificial intelligence expansion. The debt issuance adds to a corporate borrowing surge that includes major sales from ALPHABET INC-CL A and AMAZON.COM INC. The aggressive financing highlights mounting pressure on CEO Masayoshi Son to secure returns on multibillion-dollar AI bets.
