SoftBank takes on junk-bond debt at record yields to fund OpenAI ambitions

🇯🇵 The Japan Times (JP) —
SoftBank takes on junk-bond debt at record yields to fund OpenAI ambitions

AI Summary

SoftBank has committed to issuing dollar-denominated junk bonds at the highest yields in its history to finance its ambitions related to OpenAI. This move comes amid soaring US Treasury rates reaching two-decade highs, underscoring higher borrowing costs in the capital markets.

The yields SoftBank has committed to pay are its highest-ever for dollar bonds on a day when benchmark U.S. Treasury rates soared to two-decade highs.

Markets Deals AI & Tech SoftBank junk bonds OpenAI bond yields US Treasury rates finance technology investments

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