SoftBank Plans to Issue $10-20 Billion in Junk Bonds to Fund AI Investments
2 day ago / Read about 0 minute
Author:小编   

SoftBank Group plans to meet with investors in New York to gauge market appetite for issuing dollar-denominated junk bonds, aiming to raise $10 billion to $20 billion (potentially including euro-denominated bonds) to finance its investments in the artificial intelligence sector and refinance existing debt. SoftBank has already invested tens of billions of dollars in AI companies, leading to an increase in leverage on its balance sheet. Market concerns have arisen over its excessive AI risk exposure, a move that could potentially impact the U.S. high-yield bond index.