SoftBank's $11 Billion-Plus Bond Sale Would Rank Among Largest Junk Deals Ever

SoftBank Group's over $11 billion bond package to fund its OpenAI investment would rank as one of the largest junk-bond deals ever, Reuters reported Sept. 23. Junk bonds are lower-rated debt paying higher interest for higher risk. The sale launched Sept. 21; pricing was expected Sept. 24. My take: size alone will test high-yield demand until pricing clears.