London — SoftBank Group has lined up commitments for a loan of about $9bn for its massive Vision Fund, provided by banks, including arrangers of its Japanese wireless business’s initial public offering (IPO), people with knowledge of the matter said. The IPO’s top underwriters, which include Nomura Holdings and Goldman Sachs Group, were finalising terms of the loan to the Vision Fund, the people said. Stakes in about five of the investment fund’s holdings will be used as collateral, according to the people, who asked not to be identified because the information is private. Deutsche Bank, Mizuho Financial Group and Sumitomo Mitsui Financial Group (SMFG) were also among banks chosen to lead SoftBank’s wireless unit IPO, Bloomberg News reported last week. Details of the loan are still being worked out, and terms could change, the people said. The people did not specify which companies’ stakes would be used as collateral. Representatives at SoftBank, Nomura, Goldman Sachs, Deutsche Bank...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.