SoftBank raises $11 billion in junk bonds for OpenAI investment

SoftBank has launched a junk bond sale of more than $11 billion to fund its investment in OpenAI. The Japanese technology investor is issuing the high-yield debt as part of its bet on the artificial intelligence company. The deal is one of the largest junk bond offerings this year. SoftBank is also slowing the IPO of its $50 billion data centre group.