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
  • Institutional/Facility Cleaning
    Droom has introduced a revolutionary antimicrobial treatment – Germ Shield,..
    Locations looking for expansion Maharashtra
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Multi Cuisine Restaurant
    Global Punjab  is a multi Cuisine Restaurant that offers a..
    Locations looking for expansion Haryana
    Establishment year 2005
    Franchising Launch Date 2020
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Sports & Gaming
    We are a team of young Sport-Enthusiasts who wants to..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2013
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bhopal Madhya Pradesh
  • Imperial Water will leave you feeling revitalized. It’s an all-natural,..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 15000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities