BRIEF-Softbank Group CFO Goto - We Plan To Raise The Funding For The Stargate Project Mainly Through Project Finance

Feb 12 (Reuters) - SoftBank Group Corp 9984.T:

• SOFTBANK GROUP CFO GOTO: WE PLAN TO RAISE THE FUNDING FOR THE STARGATE PROJECT MAINLY THROUGH PROJECT FINANCE

• SOFTBANK GROUP CFO GOTO: THE TOTAL SIZE OF INVESTMENT FOR THE PROJECT IS LARGE BUT THE AMOUNT PUT UP THROUGH EQUITY IS LIMITED

• SOFTBANK GROUP CFO GOTO: STARGATE WILL CONSIST OF A SERIES OF PROJECTS AND FOR EACH OF THESE WE WILL CONTRIBUTE EQUITY AND LEAD THE FINANCING FOR THE REMAINDER

• SOFTBANK GROUP CFO GOTO: IN PROJECT FINANCE THE AMOUNT OF EQUITY REQUIRED DEPENDS ON THE PROJECT BUT IT IS ALWAYS THE MINORITY

• SOFTBANK GROUP CFO GOTO: AS THE EQUITY CONTRIBUTION TO STARGATE IS SPLIT BETWEEN FOUR PARTNERS, THE BURDEN WILL NOT BE SO GREAT

• SOFTBANK GROUP CFO GOTO: I WAS SURPRISED TO SEE THE NEWS THAT ELON MUSK HAD OFFERED TO BUY OPENAI BUT HOW TO RESPOND IS UP TO OPENAI

Source text: [ID:]

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