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SoftBank shares jump over 7% after announcing $11.1 billion bond sale to fund OpenAI investment

AI Market Summary
SoftBank's $11.1B bond issuance to fund the final $10B tranche of its OpenAI follow-on highlights accelerating capital deployment into AI, driving a sharp equity rally while raising balance-sheet leverage scrutiny. The financing structure signals continued investor appetite for AI-linked exposure but also focuses attention on SoftBank's funding costs and debt capacity, potentially influencing risk sentiment across Japan's tech complex.
Impact level
● Medium
Affected assets
NCSKSOFTBANK2JPY/USDT-5.26%
AI Insight · NCSKSOFTBANK2JPY/USDTAI Insight
● Neutral
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SoftBank Group said it will raise $11.1 billion through bond issuance, including $10 billion in dollar-denominated senior notes and 1 billion euros ($1.14 billion) in euro-denominated notes. The company plans to use the proceeds to make a $10 billion payment for the third and final tranche of its $30 billion follow-on investment in OpenAI, a deal expected to close Oct. 1. The investment would lift SoftBank’s cumulative backing of the ChatGPT maker to $64.6 billion and give it an approximately 13% stake upon completion. SoftBank shares rose more than 7% on Thursday.