SoftBank to borrow $4.5 billion using domestic telco's shares as collateral

SoftBank to borrow $4.5 billion using domestic telco's shares as collateral

5 years ago
Anonymous $-riAjkQg_1

https://www.reuters.com/article/us-softbank-group-softbank/softbank-to-borrow-4-5-billion-using-domestic-telcos-shares-as-collateral-idUSKBN20D0R1

SoftBank Group Corp said on Wednesday it plans to borrow up to 500 billion yen ($4.5 billion) from 16 domestic and foreign financial institutions using part of its stake in telco SoftBank Corp as collateral.