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Sep 21, 2026

SoftBank raises over $11 billion in junk bonds for OpenAI investment

SoftBank Group is seeking over $11 billion in what would be one of the biggest junk bond deals ever to fund its investment in OpenAI, as billionaire Masayoshi Son doubles down on AI bets.

Sep 21, 2026·2 sources
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Top claims

  • ▪OpenAI's massive capital requirements are unsustainable
  • ▪The bond offering by SoftBank Group Corp. on September 21, 2026, represents one of the largest junk bond deals ever, according to people familiar with the matter
  • ▪Citigroup and JPMorgan are serving as the lead bookrunners for SoftBank Group Corp.'s bond offering launched on September 21, 2026

Topics

Venture capital fundingOpenAIAI startups

Related entities

SoftBank Group