SMBC bags $2.25bn with tri-tranche dollar bond

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SMBC bags $2.25bn with tri-tranche dollar bond

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Sumitomo Mitsui Banking Corporation (SMBC) made its return to the offshore debt market on Thursday, January 8, raising a total of $2.25bn through a triple tranche dollar bond that attracted strong demand from investors and allowed bankers to price the deal flat to the borrower’s existing curve.

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