{"version":"1.0","type":"card","id":"4df5dfde-8156-4d07-b8a4-be7dba417e6f","url":"https://stacklist.com/card/4df5dfde-8156-4d07-b8a4-be7dba417e6f","title":"Japan Times — SoftBank Launches $10B of Notes Plus €1B to Fund an OpenAI Tranche","source_url":"https://www.japantimes.co.jp/business/2026/09/21/companies/softbank-11-billion-junk-bonds-openai-bet/","note":"The cost of capital as a verb rather than a chart. A company that wanted $10B for an equity position went to the bond market in the same week the long end hit a nineteen-year high. The coupon prints September 24.","image":{"url":"https://ucarecdn.com/ea97b42a-ab22-4953-846c-cd819c60b299/","alt":"Japan Times — SoftBank Launches $10B of Notes Plus €1B to Fund an OpenAI Tranche","width":1500,"height":999},"stack":{"id":"0646d51e-dad0-4c1e-a033-869814d86f1c","title":"Signals Served #029 — The Cost of Capital Moved Somewhere Else","url":"https://stacklist.com/c/finance/stack/0646d51e-dad0-4c1e-a033-869814d86f1c"},"created_at":"2026-09-21T22:45:07.827Z","updated_at":null,"aco":{"summary":"SoftBank Group is seeking over $11 billion in junk bonds, including $10 billion in dollar securities and 1 billion euros in euro notes, to fund a follow-on investment in OpenAI. The financing represents one of the largest debt-fueled bets on artificial intelligence as the conglomerate deepens its commitment to the ChatGPT creator.","tags":["softbank","openai","junk-bonds","investment","artificial-intelligence","debt-financing"],"key_entities":[{"name":"SoftBank Group","type":"organization","confidence":0.99},{"name":"OpenAI","type":"organization","confidence":0.99},{"name":"Masayoshi Son","type":"person","confidence":0.99},{"name":"ChatGPT","type":"technology","confidence":0.98},{"name":"artificial-intelligence","type":"concept","confidence":0.97},{"name":"Tokyo","type":"location","confidence":0.95}],"classification":"news","language":"en","confidence":0.85,"provenance":{"model":"claude-haiku-4-5","tool":"@stacklist/mcp-server@2.0.0","confidence":0.85,"timestamp":"2026-09-21T22:45:12.558Z"},"token_counts":{"approximate":829,"cl100k":712},"content_hash":"sha256:1b6a34327c4bc2ad6e2095484abd283f8b5826bfacd8bab0ed703ed403bccafa","acp_version":"0.2","body_available":true,"body_tokens":829,"visibility":"public","agent_accessible":true,"status":"final"},"_links":{"self":"/api/public/card/4df5dfde-8156-4d07-b8a4-be7dba417e6f.json","html":"https://stacklist.com/card/4df5dfde-8156-4d07-b8a4-be7dba417e6f","md":"/api/public/card/4df5dfde-8156-4d07-b8a4-be7dba417e6f.md","stack_json":"/api/public/stack/0646d51e-dad0-4c1e-a033-869814d86f1c.json"}}