SoftBank Corp raises $800 million through Japan’s first listing of bond-type shares

Japan's SoftBank Corp's bond-type shares were listed on the Tokyo Stock Exchange on Thursday in the first such listing in Japan, raising a total of 120 billion yen ($799 million) on strong retail and institutional investor demand. SoftBank CEO Junichi Miyakawa said that the money would be used to fund its medium-term plans, including building out "next generation social infrastructure". Through such infrastructure SoftBank hopes to facilitate the development of Japanese homegrown large language models (LLMs).