SoftBank launches one of biggest junk bond deals to fund OpenAI bet - Financial Times

Subscribe to read

* Sign In
* Subscribe

Open side navigation menuOpen search bar

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

* Home
* World
Sections

+ World Home
+ Middle East war
+ Global Economy
+ UK
+ US
+ China
+ Africa
+ Asia Pacific
+ Emerging Markets
+ Europe
+ War in Ukraine
+ Americas
+ Middle East & North Africa
Most Read

+ German chancellor Merz vows to stay on despite ‘disaster’ in regional elections
+ Trump says 250ft arch will be ‘military complex’ with drones and snipers
+ The cartel civil war tearing apart a Mexican state
+ Fed and BoE step up scrutiny of bank exposure to trading firms after Jane Street loss
+ Why the world’s hottest stock market is a national liability
* US
Sections

+ US Home
+ US Economy
+ US Companies
+ US Politics & Policy
Most Read

+ Trump says 250ft arch will be ‘military complex’ with drones and snipers
+ Fed and BoE step up scrutiny of bank exposure to trading firms after Jane Street loss
+ Lex in depth: the challenging maths of Anthropic’s IPO
+ Trump presses Zelenskyy to stop hitting Russian refineries
+ Freedom in adulthood isn’t what you think
* Companies
Sections

+ Companies Home
+ Energy
+ Financials
+ Health
+ Industrials
+ Media
+ Professional Services
+ Retail & Consumer
+ Tech Sector
+ Telecoms
+ Transport
Most Read

+ Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’
+ Fed and BoE step up scrutiny of bank exposure to trading firms after Jane Street loss
+ Lex in depth: the challenging maths of Anthropic’s IPO
+ VW ejected from European blue-chip index in blow to crisis-hit carmaker
+ Big Tech uses guarantees to keep $300bn AI exposure off balance sheets
* Tech
Sections

+ Tech Home
+ Artificial intelligence
+ Semiconductors
+ Cyber Security
+ Social Media
Most Read

+ Lex in depth: the challenging maths of Anthropic’s IPO
+ Big Tech uses guarantees to keep $300bn AI exposure off balance sheets
+ Trump announces ‘AI Force’ as alarm grows over technology’s advance
+ Investors need to know you are ahead in the race to destroy humanity
+ SoftBank launches one of biggest junk bond deals to fund OpenAI bet
* Markets
Sections

+ Markets Home
+ Alphaville
+ Markets Data
+ Private markets
+ Equities
+ Bonds
+ Currencies
+ Commodities
+ Crypto
+ Monetary Policy Radar
+ Wealth Management
+ Moral Money
+ ETF Hub
+ Asset management
Most Read

+ Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’
+ Fed and BoE step up scrutiny of bank exposure to trading firms after Jane Street loss
+ Why the world’s hottest stock market is a national liability
+ VW ejected from European blue-chip index in blow to crisis-hit carmaker
+ Big Tech uses guarantees to keep $300bn AI exposure off balance sheets
* Climate
* Opinion
Sections

+ Opinion Home
+ Columnists
+ The FT View
+ The Big Read
+ Lex
+ Obituaries
+ Letters
Most Read

+ Why the world’s hottest stock market is a national liability
+ Freedom in adulthood isn’t what you think
+ Germany’s Merz stands his ground but for how long?
+ AI is a powerful but problematic new collaborator in mathematics
+ Low UK growth is a product of neglect
* Lex
* Work & Careers
Sections

+ Work & Careers Home
+ Business School Rankings
+ Business Education
+ Europe's Start-Up Hubs
+ Entrepreneurship
+ Recruitment
+ Business Books
+ Business Travel
+ Working It
Most Read

+ Nik Storonsky’s plan for Revolut: a global bank with ‘effectively zero risk’
+ Robotaxis are coming for important jobs
+ Investors need to know you are ahead in the race to destroy humanity
+ The union shock coming for UK employers
+ Startup Nscale’s CEO pay nearly matched the FTSE 100 record, because of course it did
* Life & Arts
Sections

+ Life & Arts Home
+ Arts
+ Books
+ Food & Drink
+ FT Magazine
+ House & Home
+ Style
+ Puzzles
+ Travel
+ FT Globetrotter
Most Read

+ Where do the A-list eat now?
+ India gets hooked on ‘snackable’ micro-dramas
+ ‘Now it’s hip’: Paris suburb Massy lures first-time buyers
+ I’ve covered wine for 50 years. Here are 50 ways it changed
+ The Anglo-French moment
* How To Spend It
* Stocks Game

MenuSearch

* Home
* World
* US
* Companies
* Tech
* Markets
* Climate
* Opinion
* Lex
* Work & Careers
* Life & Arts
* How To Spend It
* Stocks Game

Financial Times

SubscribeSign In

Popular Searches

* What is the latest news on the UK economy?
* Western support for Ukraine
* How will AI be regulated?
* UK inflation vs the world
* How will the UK economy fare in 2026?

SoftBank launches one of biggest junk bond deals to fund OpenAI bet

Subscribe to unlock this article

Save over 40% on Standard Digital

was

$540

now

$299

for your first year.

Save now on essential digital access to trusted FT journalism on any device. Savings based on annualised monthly price.

Subscribe for $299

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit app
* First FT: the day’s biggest stories
* 20+ curated newsletters
* Follow topics and set up personalized alerts
* FT Videos & Podcasts
* 10 monthly gift articles to share

Explore more offers.

Trial

$1

for 4 weeks

Then

$75

per month. Complete digital access with exclusive insights and industry deep dives on any device. Cancel anytime during your trial.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 20 monthly gift articles to share
* Lex: FT's flagship investment column
* 15+ Premium newsletters by leading experts
* FT Digital Edition: our digitised print edition

Premium Digital

Complete coverage

$75

per month

Complete digital access with exclusive insights and industry deep dives on any device.

Select

* Global news & analysis
* Expert opinion
* FT App on Android & iOS
* FT Edit: Access on iOS and web
* FirstFT: the day's biggest stories
* 20+ curated newsletters
* Follow topics & set alerts with myFT
* FT Videos & Podcasts
* 20 monthly gift articles to share
* Lex: FT's flagship investment column
* 15+ Premium newsletters by leading experts
* FT Digital Edition: our digitised print edition

Print

Save over 65%

was

$409

now

$129

for your first year

Save now on our curated print edition delivered Monday - Saturday\* plus our digitised print replica. Savings based on annual price.

Select

* Weekday Print Edition
* FT Weekend
* FT Digital Edition: our digitised print edition
* Global news & analysis
* Expert opinion
* Special features
* Exclusive FT analysis

Check whether you already have access via your university

or organisation.

Terms & Conditions apply

\*Hand delivery availability confirmed when you enter your address.

Explore our full range of subscriptions.

For individuals

Discover all the plans currently available in your country

DigitalPrintPrint + Digital

For multiple readers

Digital access for organisations. Includes exclusive features and content.

FT Professional

!Over one million readers pay to read the Financial TimesFind out why

Useful links

Support

Help CentreContact UsAbout UsAccessibilityCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAd