Sumitomo follows Mizuho’s footsteps in issuing a Basel III-compliant Tier 2 note, replenishing Japanese banks’ yearly loss of $12 billion in legacy capital.
The Indian bank sold the first dollar bond from one of the country’s financial institutions since January, braving jittery pre-election market conditions.
US bank has hired Peter Yeung as a director in its investment banking team covering financial institutions as clients in this area in Asia wrestle with increased regulation and look to raise capital and sell assets.