SoftBank Plans Up to $20 Billion Bond Sale to Refinance OpenAI-Linked Debt

SoftBank is discussing a bond sale of roughly $10 billion to $20 billion to refinance borrowing linked to its large OpenAI investment, according to reports citing people familiar with the talks. The offering could be split between dollar and euro debt and may come as early as September, though the size, timing, and structure are still subject to change. The move follows other SoftBank fundraising tied to OpenAI and highlights how expensive the company’s artificial intelligence push has become.