Market Chatter: SoftBank Eyes $10 Billion Margin Loan Secured by OpenAI Shares

MT Newswires Live04-23 18:00

SoftBank is seeking a $10 billion margin loan backed by its Microsoft-backed (MSFT) OpenAI stake, as it increases borrowing to fund its aggressive push into artificial intelligence, Bloomberg reported Thursday, citing unnamed people familiar with the matter.

The proposed two-year loan, with a one-year extension option, may carry an initial margin of about 425 basis points over secured overnight financing rate, implying a cost near 7.9%, though terms remain under discussion and could change, according to the report.

The move follows SoftBank's deepening commitment to OpenAI, including a new $30 billion pledge after similar prior investments, and a record $40 billion dollar loan secured last month to help fund its AI push, Bloomberg added.

SoftBank and Open AI did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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