SoftBank on Friday introduced plans to difficulty euro- and dollar-denominated bonds because it appears to pay down debt and focus its investments on synthetic intelligence.

The massive Japanese holding firm stated it should difficulty round $900 million in U.S. dollar-denominated bonds in two tranches, and 900 million euros, or $962.8 million, value of bonds, additionally in two tranches. These could have rates of interest ranging between 5.4% and seven% each year.

SoftBank stated the cash raised will probably be used for “compensation of indebtedness and for normal company functions.”

Its shares closed up 2.5% after information of the bond issuance.

The elevating of cash by way of debt comes as SoftBank’s overall financial losses have begun to narrow because it logs some successes, together with the initial public offering of chip designer Arm.

In the meantime, the corporate, which runs a large know-how funding arm referred to as the Imaginative and prescient Fund, has additionally prompt it’s looking to ramp up investments in artificial intelligence firms.

In a uncommon public look this month, Masayoshi Son, founder and CEO of SoftBank, talked of an idea he referred to as synthetic tremendous intelligence, or ASI. He stated this refers to AI that is 10,000 times smarter than humans, which he expects to exist inside 10 years.

SoftBank is probably going seeking to capitalize on bettering investor sentiment towards the corporate, highlighted by a 65% year-to-date rise in its shares.