SoftBank Plans to Issue $10 Billion to $20 Billion in Bonds Next Week to Boost AI Financing
SoftBank Group is finalizing nearly $21 billion in potential new borrowings this week to expand its financing capabilities in the AI sector. SoftBank has increased the size of its margin loan secured by shares of its chip subsidiary Arm Holdings by $5 billion to $25 billion, and added $450 million to its existing credit line, bringing the total to $6.5 billion. Additionally, SoftBank plans to raise another $10 billion to $20 billion next week through another large bond issuance.
-- Price
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