Technology

SoftBank to borrow $4.5 billion pledging domestic telco's shares

5 years ago

Anonymous $-riAjkQg_1

https://www.reuters.com/article/us-softbank-group-softbank/softbank-to-borrow-4-5-billion-pledging-domestic-telcos-shares-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 almost a third of its stake in telco SoftBank Corp as collateral.

SoftBank to borrow $4.5 billion pledging domestic telco's shares

Feb 19, 2020, 9:16am UTC

$-riAjkQg_1

https://www.reuters.com/article/us-softbank-group-softbank/softbank-to-borrow-4-5-billion-pledging-domestic-telcos-shares-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 almost a third of its stake in telco SoftBank Corp as collateral.