Economy
SoftBank Draws Over $20 Billion in Early Interest for Junk Bond Deal
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THE BRIEF
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SoftBank Group Corp. received more than $20 billion in preliminary demand for a major junk bond offering slated for pricing on Thursday.
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The conglomerate sought to raise the equivalent of over $11 billion, comprising a $10 billion portion and a €1 billion euro portion.
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The funds support SoftBank's investments in artificial intelligence, including close to $65 billion committed to ChatGPT creator OpenAI.