SoftBank Group has initiated marketing for a multi-tranche junk bond issuance targeting over $11 billion, positioning it as one of the largest corporate high-yield deals in history. The offering includes a $10 billion dollar tranche and a €1 billion euro tranche, with initial price guidance currently underway for the dollar portion. The capital raise supports SoftBank’s aggressive artificial intelligence strategy, including a nearly $65 billion commitment to OpenAI and further M&A activity in the sector. This issuance marks the latest step in the Japanese conglomerate's series of bond market moves this year designed to finance its expanding AI portfolio.