SoftBank Group Corp. is exploring a $10 billion to $20 billion bond offering to refinance a loan tied to its investment in OpenAI, according to sources familiar with the matter. The potential offering could be denominated in dollars and euros and may come as early as September. Investment banks have been approached to discuss the deal, though talks remain ongoing and details could change. The financing move underscores Masayoshi Son's continued commitment to securing funding for SoftBank's major AI investments. Refinancing existing debt through bond markets would provide SoftBank with additional financial flexibility while maintaining its stake in the rapidly growing AI sector. The company has not publicly commented on the reported plans.

This potential bond sale follows SoftBank's recent efforts to strengthen its balance sheet amid volatile market conditions and rising interest rates. By tapping bond markets, the firm aims to extend debt maturities while potentially lowering borrowing costs. The move also highlights the increasing importance of AI-related investments in driving corporate financing strategies.

If executed, the bond offering would represent one of the largest dollar-denominated bond sales in recent memory, signaling strong investor demand for AI-linked financing opportunities.