SoftBank plans record 6.3 billion retail bond sale in Japan

SoftBank plans record $6.3 billion retail bond sale in Japan SoftBank Group has been accelerating investments in data centers as it seeks to expand computing capacity amid growing demand from OpenAI and other hyperscalers for AI tools and services. SoftBank Group plans a record ¥1 trillion ($6.3 billion) retail bond sale in Japan as the conglomerate raises funds for its investment commitments to OpenAI. The 7-year bonds are expected to be priced on Sept. 4, with an indicative coupon range of 4.3% to 4.9%, according to a company filing. The sale comes as the company has committed more than $60 billion to investments in the ChatGPT developer and has been raising funds to support those commitments. SoftBank has been accelerating investments in data centers as it seeks to expand computing capacity amid growing demand from OpenAI and other hyperscalers for AI tools and services.