BlockBeats News, August 26th - According to Bloomberg, SoftBank Group is in talks with investment banks for a potential $10 billion to $20 billion bond issuance plan to raise funds to support its investment in OpenAI. The bond issuance may be denominated in US dollars and euros, could launch as early as September, but the discussions are still ongoing, and the specific size and terms may change.

Sources familiar with the matter stated that a portion of the proceeds from the issuance will be used to repay SoftBank's $40 billion bridge loan obtained earlier this year for the OpenAI investment. SoftBank plans to invest nearly $65 billion in OpenAI by October, with some of the funding coming from the loan.