SoftBank lines up a new $60bn bond to keep its OpenAI bet funded

SoftBank plans to raise up to $60 billion in new bonds to fund its $60 billion investment commitment in OpenAI, aiming to replace short-term loans with longer-term debt amid rising borrowing costs. This move follows previous bond issuances and loans secured against its OpenAI shares, reflecting SoftBank's strategy to manage its growing debt while supporting OpenAI funding.