Saudi's PIF denies media report of loan backed by SoftBank investment
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(Reuters) - 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."PIF has ample liquidity and has not been engaged with anyone to raise margin loans against..