Saudi PIF Denies Plan for Margin Loan Backed by SoftBank Fund
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Saudi Arabia’s sovereign wealth fund said it isn’t planning a margin loan backed by its investment in SoftBank Group Corp.’s Vision Fund.
“PIF is not planning, or even considering, a margin loan backed by its investment in SoftBank Vision Fund,” the Public Investment Fund said in a statement after Bloomberg reported Saturday that the fund was were seeking a $10 billion loan backed by the assets. “PIF has ample liquidity and has not been engaged with anyone to raise margin loans against its Vision Fund stake.”