SoftBank’s credit default swaps have hit their highest level in roughly four years, with five-year spreads ranging from 380 to over 400 basis points, representing a 24% rise between June and October 2026. The Japanese conglomerate’s total commitment to OpenAI has reached $64.6 billion, corresponding to approximately a 13% stake in the ChatGPT maker. To finance this investment, SoftBank sold a record $11.1 billion in high-yield bonds on September 24, 2026, with coupons reaching as high as 9.75%. Fitch assigned SoftBank a BB+ rating with a stable outlook, while S&P maintains a negative outlook, and the company’s share price has fallen 38% since its June 2026 peak.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
