Sumitomo targets euros in TLAC sprint
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FIGSenior Debt

Sumitomo targets euros in TLAC sprint

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Sumitomo Mitsui Financial Group (SMFG) came to the euro market on Tuesday with two tranches of senior unsecured bonds from its holding company, as the Japanese megabank races towards meeting its final requirements for the total loss absorbing capacity (TLAC) framework.

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