SoftBank plans to raise $369 million through new bond issuance
SoftBank, the Japanese company, plans to raise $369 million through the issuance of new bonds with durations of 3 and 5 years, aiming to fund its expansion in artificial intelligence investments, including approximately $65 billion invested in OpenAI. The bonds will be offered during the week starting July 27 to institutional investors in Japan. This move follows the company's previous bond issuance of around 678 billion yen earlier this year and its expansion into the U.S. and European bond markets, amid growing concerns about the potential returns from AI investments and their impact on the stock market related to the sector.
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