SoftBank Sells $4.2 Billion in Dollar, Euro Bonds Amid AI Push

SoftBank Group Corp. priced $4.2 billion of bonds in dollars and euros Wednesday, as the technology investment firm turns to global debt markets to accelerate its push into artificial intelligence.

The holding company of the Japanese conglomerate sold $2.2 billion of junk-rated dollar notes across four tranches and €1.7 billion ($2 billion) of euro bonds in three parts, according to a person familiar with the matter who asked not to be identified. The deal pulled in more than $17.3 billion-equivalent of investor bids.

As part of SoftBank’s large-scale investment plans in AI, billionaire founder Masayoshi Son has pledged as much ...