SoftBank launches massive 1 trillion yen bond offering to fuel AI strategy
SoftBank is set to issue its biggest bond sale to date, totaling 1 trillion yen, which is approximately $6.29 billion. The bonds carry a seven-year maturity period and an estimated interest rate ranging between 4.3% and 4.9%. This offering is targeted at individual investors, with the definitive details scheduled for release on September 4. The capital raised will be used to bolster SoftBank's growing portfolio of AI investments, supplementing funds from the divestment of stakes in companies like Nvidia and T-Mobile.
by shortkt.com✓