SoftBank to borrow $4.5b by putting up shares of telecom unit as collateral

SoftBank to borrow $4.5b by putting up shares of telecom unit as collateral

REUTERS/Issei Kato

SoftBank Group Corp. plans to borrow as much as 500 billion yen ($4.5 billion) by putting up shares of its Japanese telecom unit as collateral, raising capital for the investment giant’s operations.