🔴 SoftBank Group is trading 4.8% down today as it raises $11.15 billion for OpenAI payment

SoftBank Group is trading 4.8% lower at $40.00 as investors focus on its debt-financed OpenAI commitment.

• The company is raising approximately $11.15 billion through dollar- and euro-denominated senior notes, primarily to fund a $10 billion OpenAI payment expected to close October 1.
• Reuters reported the offering was scheduled to price September 24. Fitch assigned the proposed notes a BB+ rating and expects SoftBank’s debt to rise.