SoftBank Mobile Unit Sees Solid Demand for Debut Euro Bond

SoftBank Corp. sold its debut euro-denominated bond on Friday, with investors focused on risks stemming from its parent company’s aggressive push into artificial intelligence.

The mobile unit of Japanese conglomerate SoftBank Group Corp. raised €1.2 billion ($1.4 billion) through the sale of long six- and 10-year tranches, according to people familiar with the matter. The offering saw solid demand, with more than €1.95 billion and €1.45 billion of investor bids for the parts, respectively.