Group 1 - SoftBank Group issued $2.2 billion in junk bonds and €1.7 billion (equivalent to $2 billion) in bonds, raising a total of over $17.3 billion in investor subscriptions [1]

Core Viewpoint - JPMorgan forecasts that the size of "fallen angels" (investment-grade bonds that have been downgraded to junk status) will reach $65 billion by 2025 [1] Group 1 - The term "fallen angels" refers to investment-grade bonds that transition to junk status [1] - The projected scale of $65 billion indicates a significant potential shift in the bond market landscape by 2025 [1]