SoftBank's Z Holdings Could Sell $1.86 Billion in Bonds

Z Holdings, the Chinese e-commerce company owned by SoftBank (OTC: SFTBY), is aiming to issue as much as $1.86 billion in new debt, with maturities ranging from 1.5 to ten years, reports Bloomberg. 

IMAGE SOURCE: GETTY IMAGES.

Z Holdings has been a bright spot for SoftBank amid the COVID-19 pandemic. While many investments in its Vision Fund have suffered steep losses, Z Holdings has benefited thanks to stay-at-home orders, reporting increased profits for fiscal year 2019.  

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Source Fool.com