Synopsis
SoftBank Group Corp is taking investor orders for a $10 billion dollar bond deal to help fund its OpenAI investments, according to a term sheet reviewed by Reuters on Wednesday.
ReutersSoftBank Group Corp is taking investor orders for a $10 billion dollar bond deal to help fund its OpenAI investments, according to a term sheet reviewed by Reuters on Wednesday.
The Japanese conglomerate is aiming to raise $1 billion in a 3-1/2-year bond, $4.5 billion in a 5-1/2-year bond and $4.5 billion in a 7-1/2-year bond deal, the term sheet showed.
Potential investors have been told the price guidance for the 3-1/2-year bond is 8.75% to 8.875%, the 5-1/2-year bond is 9.375% to 9.5% and the 10-1/2-year bond is 9.75% to 9.875%, according to the term sheet.
SoftBank did not immediately respond to a request for comment.
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