SoftBank draws over $20 billion of early interest in junk bond

SoftBank Group has drawn more than $20 billion of preliminary demand for what’s shaping up to be one of the biggest junk bond deals ever, people familiar with the matter said, as investors rush to capture record yields likely to be offered to help fund the firm’s investments in OpenAI.The potential interest reflects early, nonbinding indications from investors and serves as an initial gauge ahead of…