SoftBank Plans ¥100 Billion Subordinated Bond Deal Amid AI Drive

SoftBank Group Corp. is planning to sell approximately ¥100 billion ($676 million) worth of subordinated bonds. This move comes as the company looks to revitalize its artificial intelligence (AI) initiatives, which have faced some setbacks in recent times. Subordinated bonds are a type of debt instrument that rank lower in priority than other debt obligations in the event of a company's bankruptcy or liquidation. By issuing these bonds, SoftBank aims to bolster its financial position and provide additional resources to support its AI-focused projects. The bond sale is expected to benefit from improved investor sentiment, as the company seeks to regain momentum in its AI-driven business ventures. The funds raised from the bond offering will likely be channeled towards research, development, and the implementation of various AI-related technologies and services within SoftBank's diverse portfolio of investments and subsidiaries.