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HSBC, BNP Paribas, and Intesa Sanpaolo are among eight institutions that have submitted commitments as sub-underwriters.
HSBC, BNP Paribas, and Intesa Sanpaolo have joined as sub-underwriters for SoftBank’s $40 billion AI loan.
KEY POINTS
- 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
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