"PIF has ample liquidity and has not been engaged with anyone to raise margin loans against its Vision Fund stake," Saudi Arabia's sovereign wealth fund said.
SAUDI Arabia's sovereign wealth fund is not planning for or even considering a margin loan backed by its investment in SoftBank Group Corp's Vision Fund, it said on Sunday in response to a media report.
Bloomberg News reported on Saturday that the $300 billion (£247.85 billion) Public Investment Fund (PIF) was planning to borrow about $10 billion by pledging some of its investment in the fund.
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