SoftBank's $40 billion bridge loan (March 2026)
SoftBank signed a $40 billion bridge loan to fund its position in OpenAI, the largest dollar-denominated loan in Asia this year. The facility is backed by an equity stake and will be repaid when longer-term financing arrives.
Gave SoftBank immediate capital for its OpenAI investment.
Set the benchmark for AI-related borrowing in Asia, which ByteDance's loan now follows.
Directly comparable to ByteDance's loan, showing the scale of the AI capital race in the region. The two deals bookend Asia's AI borrowing this year.
