Lates News

According to foreign media reports, SoftBank Group plans to issue around 60 billion yen (approximately $3.69 billion) in bonds to Japanese institutional investors this month. According to the lead underwriter, Daiwa Securities, SoftBank plans to issue around 50 billion yen of 3-year bonds and around 10 billion yen of 5-year bonds during the week of July 27. This new bond issuance highlights SoftBank's growing financing needs. SoftBank has already raised 678 billion yen through the issuance of subordinated bonds to retail investors this year, and entered the U.S. and European bond markets for financing in April. Concerns about the return on investment in artificial intelligence have weighed on the performance of semiconductor-related stocks, including SoftBank's subsidiary Arm. SoftBank's stock has fallen from its peak in early June following reports that the OpenAI IPO may be delayed. SoftBank has also been considering using its stake in OpenAI as collateral for margin loans, and has reduced the originally planned financing size from $10 billion to approximately $6 billion.