0
General

SoftBank borrows USD 8 bln in margin loan backed by stake in Alibaba - report

Monday 9 April 2018 | 09:26 CET | News
SoftBank has borrowed USD 8 billion from a consortium of banks, using its stake in Alibaba as collateral, Bloomberg reported, citing sources familiar with the matter. The group includes Morgan Stanley, Citigroup, Goldman Sachs, Bank of America and JPMorgan Chase, as well as BNP Paribas, Deutsche Bank, Nomura, Societe Generale, UBS Group and ING. The sources added that the margin loan will not be reflected in Softbank's debt, which may help shield the company's from a ratings downgrade, and could help its plans to sell shares in a domestic subsidiary.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Alibaba / Societe Generale / Softbank
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

SoftBank's FY EBITDA jumps 18%, adds 2 mln smartphone subscribers

Published 13 May 2020 14:50 CET | Japan
Softbank reported net income of JPY 473.1 billion for its fiscal year to ended 31 March 2020, which represents an increase of 2 ...

Softbank books JPY 1.2 trillion profit on sale of Alibaba shares

Published 04 Jun 2019 12:30 CET | World
SoftBank Group announced that it expects to book a profit of JPY 1.2 trillion from the sale of some of its shares in Alibaba. The ...

Alibaba to raise USD 20 bln in Hong Kong listing in H2 - report

Published 28 May 2019 09:11 CET | Hong Kong
Alibaba plans to raise USD 20 billion via a second listing in Hong Kong. Alibaba previously raised USD 25 billion in its first ...

SoftBank foregoes pricing range for IPO

Published 30 Nov 2018 09:41 CET | Japan
SoftBank has set a single preliminary figure for the share price in the IPO of its Japanese telecom business, Bloomberg reported, ...

Altaba planning to buy back 24% of shares using Alibaba stock

Published 08 Jun 2018 14:22 CET | United States
Altaba, the remaining holding company for Yahoo, has announced a programme to buy back nearly 24 percent of its own shares in ...

Softbank preparing IPO with Nomura, looks to raise JPY 2 tln - report

Published 20 Feb 2018 08:41 CET | Japan
SoftBank is preparing the initial public offering of its mobile phone unit with Nomura, Bloomberg reported, saying the company is ...





Calendar   /   Industry Events

29 Jul Telenet Q2 2021
29 Jul Liberty Global Q2 2021
29 Jul Consolidated Communications Q2
29 Jul Telefonica Q2 2021
29 Jul Orange Q2 2021
29 Jul Digital Realty Q2 2021
29 Jul Limelight Networks Q2 2021
29 Jul CyrusOne Q2 2021
29 Jul CoreSite Q2 2021
29 Jul STMicroelectronics Q2 2021
29 Jul Millicom Q2 2021
29 Jul Samsung Electronics Q2 2021
29 Jul Poly fiscal Q1
29 Jul Skyworks fiscal Q3
29 Jul Casa Systems Q2
29 Jul Citrix Systems Q2
29 Jul Amazon Q2
29 Jul Airtel Africa Q2 2021
29 Jul T-Mobile US Q2 2021
29 Jul Comcast Q2 2021
29 Jul Nokia Q2 2021
29 Jul BT fiscal Q1
29 Jul American Tower Corp Q2 2021
29 Jul Fortinet Q2
29 Jul Vodacom fiscal Q1
29 Jul Cellnex Q2 2021
29 Jul Hrvatski Telekom Q2 2021
30 Jul Proximus Q2 2021
30 Jul Charter Communications Q2 2021
30 Jul Shentel Q2 2021
30 Jul NEC fiscal Q1
::: More Calendar Items