Sumitomo Mitsui Financial Group
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ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, is seeking a dual currency $844m-equivalent loan from the offshore syndication market. -
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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Allocations are out for Petron Corp’s loan, which was opened to retail participation in late March. The company has absorbed the excess demand that came in during syndication, boosting the deal size to $1bn from $600m.
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France’s Crédit Mutuel Arkéa has picked banks to arrange the sale of its first ever non-preferred senior bond, joining Sumitomo Mitsui Financial Group (SMFG) in a growing pipeline for new issues in FIG.
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An up to $1bn facility for the Sri Lankan sovereign has hit general syndication, about three months after the borrower mandated six banks for the deal.
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Sumitomo Mitsui Financial Group and Bank of Taiwan have inked a memorandum of understanding to collaborate on asset finance, and to provide support to Taiwanese companies operating in ASEAN.
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CT Corp company Trans Retail Indonesia has allocated its $575m borrowing among a group of 36 lenders.
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Sumitomo Mitsui Banking Corp and ANZ are making changes to their loans businesses in Singapore. SMBC is building up its distribution capabilities, while ANZ is looking to replace a senior banker.
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Sumitomo Mitsui Banking Corp has beefed up its loans distribution team for Asia, in line with its objective to build its capabilities in the business.
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Asahi has signed a €7.4bn bridging loan for its acquisition of AB InBev’s central and eastern European business.
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Allocations have emerged for a $1.75bn multi-tranche borrowing by Indian conglomerate Reliance Industries, with retail liquidity ending up concentrated on a longer dated portion.
