SoftBank Sets $11.1 Billion Bond Sale to Fund Final OpenAI Tranche

SoftBank Group set terms for an approximately $11.1 billion foreign-currency senior-note sale to finance the final $10 billion tranche of its 2026 OpenAI Group PBC investment, putting another major piece of Masayoshi Son's AI strategy into public credit markets. The BB+ offering carries coupons as high as 9.75%, showing that lenders are willing to fund the OpenAI wager, but only at costly high-yield terms.