SoftBank lines up $9 billion in loans for vision Fund of banks: first initial public offering of its mobile unit, the conditions for a $9 are Bloomberg


(Reuters) – banks, including the underwriters of SoftBank Group (9984.T) Billion finalizing loan you his vision Fund Bloomberg reported on Wednesday, citing people familiar with the matter.

file photo: people go behind the logo of SoftBank Corp in Tokyo December 18, 2014. REUTERS/Toru Hanai / file photo

Reuters reported earlier this month, that Inc. SoftBank had picked up five investment banks, including units of Nomura holdings (8604.T) and Goldman Sachs (GS. N), as a lead underwriter for mammoth initial public offering of its mobile phone unit.

that are two leading underwriters complete terms for the loan, but details are worked out, the people told Bloomberg.

Mizuho Financial Group Inc (8411.T), Deutsche Bank AG (DBKGn.DE) and the SMBC Nikko Securities Inc. Unit of Sumitomo Mitsui Financial Group Inc (8316.T) are also part of the Underw Writing team, reported Reuters news agency.

SoftBank vision Fund offer investments at five of its shareholdings as collateral, but the people not indicating Bloomberg report according to which companies stake would be used.

-$93 billion vision Fund holds stakes in companies including driving company WeWork hailing by uber Technologies Inc [UBER.UL] and joint offices.

Deutsche Bank rejected an opinion not was Nomura for an opinion.

SoftBank, to respond to Goldman Sachs and SMBC Nikko Securities immediately to Reuters requests for an opinion.

SoftBank mobile IPO could roughly 3 trillion yen ($ 27 billion) proceeds, increase, making it the largest IPO of all time list on the Tokyo Stock Exchange.

reporting by Aparajita Saxena in Bangalore; Editing by Sriraj Kalluvila

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