# HSBC, BNP Paribas, and Intesa Sanpaolo are among eight institutions that have submitted commitments as sub-underwriters.

*fintech · news · 2026-04-30 · TNW*

## Key points

- HSBC, BNP Paribas, and Intesa Sanpaolo have joined as sub-underwriters for SoftBank’s $40 billion AI loan.
- The $40 billion loan is unsecured and not backed by OpenAI shares or SoftBank's other assets.
- Lenders' participation suggests strong expectations that OpenAI will IPO by March 2027.
- SoftBank is also negotiating a separate $10 billion margin loan backed specifically by its OpenAI shares.
- European banks joining the syndicate marks cross-regional creditor confidence in SoftBank's OpenAI exposure.

**Companies:** SoftBank, OpenAI, JPMorgan Chase, Goldman Sachs, HSBC, BNP Paribas, Intesa Sanpaolo, Mizuho Bank, Sumitomo Mitsui Banking, MUFG Bank
**Countries:** Japan, United States, United Kingdom, France

[Read the full story on TNW](https://thenextweb.com/news/softbank-40-billion-openai-loan-bank-syndication)

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