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Update: Market Chatter: SoftBank Group Eyes Up to $20 Billion US Junk Bond Sale

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(Updates to add that Citi declined to comment)

SoftBank Group (TYO:9984) executives, including CFO Yoshimitsu Goto, are expected to meet New York investors next week to gauge demand for a potential dollar-denominated junk bond, Bloomberg News reported Tuesday, citing people familiar with the matter.

The investor meetings, hosted at Citigroup's office and arranged by major banks, are exploratory and not tied to a specific offering, the report said.

The Japanese firm is reportedly considering raising $10 billion to $20 billion, the report said.

Citi declined to comment on' request for comment.

Softbank, Goldman Sachs Group, JPMorgan Chase & Co. and Morgan Stanley did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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