SoftBank's SB Energy plans to begin marketing its IPO once the SEC finishes its review, per Bloomberg. The data center developer has amended its registration twice this month, most recently on Monday, with no share count or price range set.

SOFTBANK DRAWS $20B+ OF EARLY DEMAND FOR $11B+ JUNK BOND SALE SoftBank has received more than $20B of preliminary investor interest for its planned junk bond offering, nearly 2x the initial deal size. The company launched $10B of dollar bonds and €1B, roughly $1.1B, of euro notes, with proceeds helping fund its nearly $65B commitment to OpenAI. The longest dollar tranche, due in 7.5 years, has been discussed at yields approaching 10%, which would be record territory for comparable SoftBank debt. SoftBank says demand is substantial but it currently has no plans to increase the size of the deal. Pricing is expected Thursday. Source: Bloomberg

SOFTBANK DRAWS $20B+ OF EARLY DEMAND FOR $11B JUNK BOND DEAL TO FUND OPENAI BET SoftBank has received more than $20B of preliminary investor interest for its planned $11B+ bond sale, roughly 1.8x the initial deal size. The offering includes $10B in dollar bonds and €1B in euro notes, with proceeds helping fund SoftBank’s nearly $65B commitment to OpenAI. The longest dollar tranche has been discussed at yields approaching 10%, which would be record territory for comparable SoftBank debt. SoftBank says demand is substantial but it currently has no plans to increase the size of the offering.