SoftBank's credit risk rises to highest in nearly four years; shares halve from June peak amid AI financing pressure
Amid AI-related financing and potential large-scale acquisitions, SoftBank Group's five-year credit default swap rate has risen to 432 basis points, the highest since early November 2022, while its share price has fallen about 50% from its June peak. SoftBank's total investment in OpenAI is about $64.6 billion, accounting for roughly 13% of OpenAI's shares as of early October 2026; to raise funds for the final stage of the investment, SoftBank issued $11.1 billion in high-yield bonds on September 24, 2026, with coupon rates on U.S. dollar bonds of different maturities at 8.625%, 9.25% and 9.75%, respectively.
fault swap rate has risen to 432 basis points, the highest since early November 2022, while its share price has fallen about 50% from its June peak. SoftBank's total investment in OpenAI is about $64.6 billion, accounting for roughly 13% of OpenAI's shares as of early October 2026; to raise funds for the final stage of the investment, SoftBank issued $11.1 billion in high-yield bonds on September 24, 2026, with coupon rates on U.S. dollar bonds of different maturities at 8.625%, 9.25% and 9.75%,
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