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The Economic Times
The Economic Times
Anupam Nagar

SoftBank taps bond market for $11.1 billion to fund AI bets

Technology investor SoftBank Group has raised a total of $11.1 billion through dollar- and euro-denominated bond sales, according to a filing on Thursday, as the company seeks to generate funds for continued investments in artificial intelligence, Reuters reported.

According to Reuters, SoftBank issued $1 billion of senior notes with a three-and-a-half-year maturity, $4.5 billion with a five-and-a-half-year maturity and another $4.5 billion with a seven-and-a-half-year maturity.

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