SoftBank's US$40 billion OpenAI equity loan expands, with 21 new lending institutions sharing the 7 billion quota. According to people familiar with the matter, the US$40 billion bridge loan arranged by SoftBank to invest in OpenAI equity has entered the large-scale distribution stage, with 21 new financial institutions participating in the lending, and a total of approximately US$7 billion will be shared.

SoftBank's US$40 billion OpenAI equity loan expands, with 21 new lending institutions sharing the 7 billion quota. According to people familiar with the matter, the US$40 billion bridge loan arranged by SoftBank to invest in OpenAI equity has entered the large-scale distribution stage, with 21 new financial institutions participating in lending, and a total of approximately 7 billion US dollars in quota. Among them, First Abu Dhabi Bank, Government Investment Corporation of Singapore, and Standard Chartered Bank each undertook loans of nearly US$1 billion, and the remaining portion was shared by a number of European, Japanese, and Taiwanese banks. The remaining US$33 billion of the loan is still held by the lead underwriter and core senior lenders, and may be subsequently distributed externally. The 12-month loan, contracted in March this year, is one of the largest bridge financing projects in Asia Pacific’s history. Underwriters can earn more than $100 million in fees; nine banks have already signed up before distribution opens in May. Some banks are worried about the risks of SoftBank’s investment exposure in OpenAI, and all parties involved have refused to comment on this matter. via AI News (author: AI Base)