Dealer delight as SMBC and Bank of China prepare to make big splash in CP pool

11 Nov 2011

Sumitomo Mitsui Banking Corp (SMBC) and Bank of China are to enter the euro commercial paper markets, in a move that should cheer variety-starved investors.

The new programmes — €10bn from SMBC and $2bn from Bank of China — would be welcome news for investors, who have seen the pool of available funding shrink as eurozone banks had their ratings slashed, said dealers.

"If you do need to raise funding and you can access ...

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