SOFTBANK RAISES $11B IN JUNK BOND SALE

The Japanese investment firm, led by billionaire Masayoshi Son, completed one of the largest junk-bond offerings on record. The move underscores SoftBank's substantial capital needs and appetite for leveraged financing. Junk bonds—debt issued by companies with lower credit ratings—typically carry higher yields to compensate investors for increased risk. SoftBank's ability to raise this amount reflects investor confidence in the firm despite its leverage. The company has been aggressive in funding its portfolio companies and maintaining its Vision Fund operations. This debt offering provides liquidity for ongoing investments and operations. SoftBank's junk-bond status reflects its debt-heavy capital structure, a defining characteristic of Son's investment strategy. The firm has historically used leverage to amplify returns across its portfolio.