Financial Wire

SoftBank Raises Multi-Currency Debt for Refinancing, OpenAI Investment

-- SoftBank Group (TYO:9984) priced multi-tranche dollar and euro senior notes totaling about 516.8 billion yen to refinance debt and support investments tied to OpenAI, according to a Thursday filing on the Tokyo Stock Exchange.

The offering includes 238.5 billion yen equivalent in dollar notes due 2029, 2031 and 2036, with coupons ranging from 7.625% to 8.5%.

The company also includes about 328.3 billion yen equivalent in euro notes due 2030, 2032 and 2034, carrying interest rates between 6.375% and 7.375%.

Proceeds will go toward redeeming existing foreign-currency notes and partly repaying a bridge loan, primarily linked to follow-on investments in OpenAI.

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