00:00SoftBank is looking for more money from the market, $11 billion, but in junk bonds, Neil,
00:05because it wants to put the money into open AI. Why junk bonds? Does it need to go to the
00:10junk
00:10bond market for this kind of an investment? I think SoftBank's been quite resourceful,
00:20should we say, this year in tapping different kinds of markets and looking for ways of
00:24funding the debt? If you remember, earlier this year, they had a significant $40 billion bridge
00:29loan facility, of which the balance of that was paid back recently. So I think it's tapping the
00:36variety of markets in different currencies, in different types of parts of credit to kind of
00:41continue to fund the open AI investment. So where they see appetite, they're going into all those
00:47markets to help fund the ambitions that they have in this marketplace.
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