SoftBank raises $11.1 billion in high-yield bonds to fund its OpenAI bet
On 24 September 2026 Reuters reported that SoftBank Group raised $11.1 billion in dollar- and euro-denominated bonds—the largest high-yield corporate bond sale on record—to fund its $64.6 billion OpenAI commitment (about 13% ownership) and other AI bets. Coupons range from 7.125% to 9.75%; the 5-year CDS spread topped 400 basis points.