SoftBank to raise $6.3bn via largest Japanese bond sale
SoftBank has announced its intention to issue the largest bond directed at individual investors in Japan, valued at one trillion yen (6.3 billion dollars), to finance its obligations to OpenAI and its investments in artificial intelligence and data centers. The company will set the interest rate for the 7-year bonds between 4.3% and 4.9%. The issuance is expected to take place on September 4. This move comes after the company's promising financial successes and a credit rating agency boosting its outlook to stable, with a rating of BB+.
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