TOKYO: Sumitomo Mitsui Financial Group Inc (SMFG), Japan's second-largest banking group, said yesterday it plans to issue an additional 300 billion yen in preferred shares to foreign investors.
The planned capital increase comes on the heels of a 150 billion yen share issued to Goldman Sachs Group Inc earlier this month, though in contrast with that deal the latest move targets a wide range of overseas institutional investors.
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