Sumitomo benefits from repeat issuer status in Rmb
Japan’s Sumitomo Mitsui Finance and Leasing raised Rmb600m ($94m) from its second dim sum bond deal since a debut last year, taking advantage of its repeat issuer status to puil off a tightly-priced deas.
Sumitomo priced the unrated August 2015 bond last Thursday at par to yield 4%, in line with price guidance and offering no premium whatsoever to the secondary prices of the outstanding March 2015 bond of Mitsubishi UFF Lease & Finance, said bankers in the deal.
The deal drew Rmb1.1bn
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