SoftBank Considers up to $20B Bond Sale to Fund OpenAI Investment: Bloomberg (SFTBY:OTCMKTS)

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Japanese technology conglomerate Softbank is in talks with investment banks about a potential $10-20 billion bond issue to refinance a $40 billion bridge loan it took out earlier this year to invest in AI company Open AI, Bloomberg News reported, citing people familiar with the matter.

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According to ChainCatcher, market sources say SoftBank Group is in discussions with investment banks about a potential bond issuance of $10 billion to $20 billion to help refinance its investment in OpenAI.