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SoftBank said that it secured a $40bn bridge loan to boost investments in OpenAI and also for general corporate purposes. The loan is not secured by any collateral and matures in March 2027. This comes after the company previously agreed to invest $30bn in OpenAI through its Vision Fund 2. In January 2025, OpenAI, SoftBank, and Oracle had announced Project Stargate, an over $500bn US AI-infrastructure initiative to build next-generation data centers and supercomputers.
SoftBank’s dollar bonds were trading stable, with its its 6.875% Perp at 97.9, yielding 8.6%.
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