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Bonds span multiple maturities The dollar notes are being offered across three maturities: 3-1/2 years, 5-1/2 years and 7-1/2 years. The euro-denominated bonds are split into four-year and six-year maturities, the term sheet showed. The proceeds will be used primarily to fund SoftBank's $10 billion payment for the third tranche of its follow-on investment in OpenAI. That transaction is expected to close on October 1, according to the term sheet. Read more: Global Market Today: Asian stocks edge higher, oil extends losses Bridge loan to be replaced SoftBank had previously secured a $10 billion bridge loan facility to finance its OpenAI investment. The new bond issuance will be used to replace that bridge financing, according to the term sheet. The debt offering comes as SoftBank continues to commit substantial capital to OpenAI, increasing its exposure to the artificial intelligence company as it expands its operations and investment requirements. Read more: US Market: Fed rate path, oil prices and AI concerns to shape Wall Street this week Pricing expected this week The notes are expected to be priced on September 24 and settle on September 29, the term sheet showed. Citigroup and JPMorgan are serving as lead bookrunners for the bond offering, according to the term sheet. SoftBank Group could not be immediately reached for comment on Monday because it was a holiday in Japan. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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