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Funky debt offers SoftBank fix for UK retail hole

Funky debt offers SoftBank fix for UK retail hole – Breakingviews

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Masayoshi Son's group has an option to buy part of the e-commerce unit of stricken retailer THG, in which it owns a stake.

Honouring that would mean big losses, but walking away could amplify the UK group's woes. Investing in a new convertible bond might buy time for a recovery.

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