Deals
Saudi Wealth Fund Said to Be Seeking $10 Billion Margin Loan
- PIF said to weigh stakes in Softbank Vision Fund as collateral
- Any move would follow Qatar SWF’s plan to raise $7.6 billion
Photographer: Stuart Franklin/Velo via Getty Images
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Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank Group Corp.’s technology investment vehicle, according to people familiar with the matter.
The Public Investment Fund, which has been on an overseas acquisition spree recently, is speaking with investment banks about a margin loan backed by some of its investments in the $100 billion Vision Fund, the people said, asking not to be identified as the matter is private. While discussions with banks are ongoing, it may not materialize in a deal, and the fund may also decide against raising the loan, the people said.