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SoftBank shifts to international banks as borrowing soars By Reuters 

© Reuters. FILE PHOTO: SoftBank Corp’s brand is pictured at a information convention in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photograph

TOKYO (Reuters) – SoftBank Group Corp’s financial institution borrowing climbed by 42% within the 12 months to March-end with the rise shouldered by international lenders, firm filings confirmed on Thursday.

Borrowing from the conglomerate’s principal lenders rose to 4.98 trillion yen ($46 billion) within the final enterprise 12 months, with important financial institution Mizuho Monetary Group Inc the one Japanese lender remaining within the high three backers.

($1 = 109.0800 yen)

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