SoftBank launches $11.15bn bond sale to fund OpenAI investment

September 22, 2026 at 04:10 AM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

SoftBank Group Corp. began selling senior unsecured notes totaling $11.15 billion to fund its investment in OpenAI. The sale includes $10 billion in dollar bonds and €1 billion in euro bonds, with pricing expected on September 24 and settlement on September 29.

Key Facts

SoftBank Group Corp. is selling $10 billion in dollar-denominated bonds with maturities of 3.5, 5.5, and 7.5 years.
The company is also selling €1 billion ($1.15 billion) in euro-denominated bonds maturing in 4 and 6 years.
Fitch Ratings assigned the planned bonds a BB+ rating.
Pricing is expected on September 24, with settlement on September 29.
Citigroup is lead bookrunner for the dollar bonds, and JPMorgan for the euro bonds.

Bond Structure

SoftBank Group Corp. began selling senior unsecured notes to fund its investment in OpenAI. The offering includes $10 billion in dollar bonds with maturities of 3.5, 5.5, and 7.5 years. It also includes €1 billion ($1.15 billion) in euro bonds maturing in 4 and 6 years. Fitch Ratings assigned the planned bonds a BB+ rating.

Underwriters and Timeline

Citigroup is lead bookrunner for the dollar bond sale, and JPMorgan for the euro bonds. Goldman Sachs, Morgan Stanley, and Deutsche Bank are also among the organizers. Pricing is expected on September 24, with settlement on September 29.

Market Significance

The sale will be the largest bond issuance by a non-financial company in the Asia-Pacific region, surpassing 7-Eleven Inc's $10.93 billion deal in January 2021, according to LSEG. It will also rank among the top 20 corporate bond issues worldwide since the start of 2026, according to Dealogic.