Japanese telecommunications and internet conglomerate Softbank could next month launch the country's largest ever securitization. According to reports, Softbank plans to raise 1.45 trillion ($12.3 billion) through a whole business securitization of its mobile phone subsidiary Vodafone Japan KK.

The deal would refinance 1.3 trillion of bridge loans, extended in April by 17 financial institutions to Softbank to part fund its 1.8 trillion acquisition of Vodafone KK from the U.K.'s Vodafone Group.

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