SoftBank Group launched a bond sale to raise over $11 billion through $10 billion and €1 billion senior unsecured notes. The offering represents the largest non-financial corporate bond deal on record from the Asia-Pacific region.
Proceeds will fund a $10 billion payment for a third investment tranche in OpenAI. This transaction is scheduled to close on October 1, 2026. The capital will also retire a $10 billion bridge loan previously secured for the same purpose.
SoftBank’s total investment in the AI leader will reach nearly $65 billion following this issuance. The new debt carries a high-yield rating of BB+. Bonds are expected to price on September 24 and settle on September 29.