Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 07 2018

SoftBank borrows $8 billion using its Alibaba stake

The loan, guaranteed solely by its stake in Alibaba, won't be reflected in SoftBank's debt, likely protecting it from a potential ratings downgrade.

SoftBank borrows $8 billion using its Alibaba stake

Japan's SoftBank Group Corp has borrowed $8 billion margin loan backed by its stake in Chinese online retailer Alibaba Group Holding Ltd, Bloomberg reported, citing people familiar with the matter.

According to the report, the loan, guaranteed solely by its stake in Alibaba, won't be reflected in SoftBank's debt, likely protecting it from a potential rating downgrade.

In a margin loan, a borrower secures the debt by pledging an asset with the understanding that they'd need to pay up if the value of the collateral declines, the report said.

SoftBank, which has a 29 percent stake in Alibaba, could not immediately be reached for comment, outside regular business hours.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Clinics & Nursing Homes
    About Us: DentAesthetica is a well-established brand in Delhi NCR known..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Greetings from USPFC!! U.S. Pizza and Fried Chicken have come..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Pharmacies
    About Us: Reliable, Experienced, Trusted pharma product provider The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Education Supplies
    About Us: TicTacToe Learning Center is an afterschool program, learning English..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities