SoftBank shares jump over 7% after $11.1 billion bond issuance to fund OpenAI bet

Summary

SoftBank Group shares rose more than 7% on Thursday after the company announced an $11.1 billion bond issuance. The notes comprise $10 billion in dollar-denominated senior notes and 1 billion euros ($1.14 billion) in euro-denominated notes. The proceeds will fund a $10 billion payment for the third and final tranche of its $30 billion follow-on investment in OpenAI, expected to close Oct. 1, plus general corporate purposes.

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