Latest news with #SumitomoMitsui
Argaam
25-06-2025
- Business
- Argaam
BSF taps Asian banks for $750M loan: Report
Banque Saudi Fransi (BSF) is seeking a $750 million loan (about SAR 2.81 billion), targeting banks in Asia, with a five-year syndicated facility that carries an accordion feature, Bloomberg reported. The loan pays an interest margin of 95 basis points over the benchmark Secured Overnight Financing Rate, with proceeds for general corporate purposes. Banque Saudi Fransi (BSF) is seeking a $750 million (SAR 2.81 billion) loan, targeting banks in Asia as it looks to diversify fundraising beyond its domestic market, according to Bloomberg citing sources familiar with the matter. The five-year syndicated facility carries a so-called accordion feature, which allows the borrower to upsize the deal post-signing, said the sources. Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corp are the mandated lead arrangers and bookrunners for the deal, they added.
Bloomberg
25-06-2025
- Business
- Bloomberg
Banque Saudi Fransi Targets Banks in Asia for $750 Million Loan
Saudi Arabian bank Banque Saudi Fransi is seeking a $750 million loan, targeting banks in Asia as it looks to diversify fundraising beyond its domestic market, according to people familiar with the matter. The five-year syndicated facility carries a so-called accordion feature, which allows the borrower to upsize the deal post-signing, said the people, who asked not to be identified discussing private matters. Mizuho Bank Ltd. and Sumitomo Mitsui Banking Corp are the mandated lead arrangers and bookrunners for the deal, the people added.
Zawya
23-06-2025
- Business
- Zawya
Japanese megabanks consider evacuating staff located in Middle East
TOKYO - Japan's Sumitomo Mitsui Financial Group has begun evacuating staff from locations including Iran and Qatar to ensure their safety, a spokesperson said, amid elevated regional tensions. Mitsubishi UFJ Financial Group has begun evacuating some family members of staff from Dubai and the Saudi Arabian capital Riyadh, a spokesperson said, and is also considering allowing staff to leave at their own discretion. Tensions in the region have increased since the United States struck three nuclear sites in Iran over the weekend, joining Israel, which began a military campaign against Iran on June 13. Mizuho Financial Group is urging its staff to be cautious and is considering measures including evacuations, a spokesperson said. (Reporting by Miho Uranaka, Makiko Yamazaki and Sam Nussey; Editing by Kate Mayberry)
Reuters
23-06-2025
- Business
- Reuters
Japanese megabanks consider evacuating staff located in Middle East
TOKYO, June 23 (Reuters) - Japan's Sumitomo Mitsui Financial Group (8316.T), opens new tab has begun evacuating staff from locations including Iran and Qatar to ensure their safety, a spokesperson said, amid elevated regional tensions. Mitsubishi UFJ Financial Group (8306.T), opens new tab has begun evacuating some family members of staff from Dubai and the Saudi Arabian capital Riyadh, a spokesperson said, and is also considering allowing staff to leave at their own discretion. Tensions in the region have increased since the United States struck three nuclear sites in Iran over the weekend, joining Israel, which began a military campaign against Iran on June 13. Mizuho Financial Group (8411.T), opens new tab is urging its staff to be cautious and is considering measures including evacuations, a spokesperson said.
Irish Times
21-06-2025
- Business
- Irish Times
Australian investor sells Irish social housing portfolio at a loss
Broadstone Housing Investments, an entity in Ireland operated by Australian financial services giant Macquarie , has sold its social housing portfolio at a loss. It is believed that Broadstone is now on the block. Its authorisation to provide mortgage-to-rent solutions is likely to appeal to some property market participants. A spokesman for Macquarie declined to comment. Broadstone was set up in Dublin four years ago by Macquarie to buy homes holding long-term leases with local authorities, approved housing bodies and other State-backed organisations. READ MORE It initially secured €100 million of debt facilities from the European branch of Japan's Sumitomo Mitsui Banking Corporation and Italian lender Sanpaulo Bank's Irish branch and bought a number of properties in Carlow, Athlone, Co Westmeath, and Belmullet, Co Mayo. However, it said in its financial statement for the year to March 2023 that 'the pace of acquisitions has been slower than originally anticipated'. Broadstone disclosed in its latest annual financial statement, filed with the Companies Registration Office this week, that it had agreed to sell its subscale portfolio, which had been worth €5.5 million, for a knockdown price. It booked a €1.62 million impairment charge against the properties to reflect the sale price, suggesting it achieved €3.88 million. Broadstone was also selected by the Government early last year – along with two other private-sector groups and two approved housing bodies – to offer mortgage-to-rent (MTR) solutions for lenders and borrowers dealing with loans that have no prospect of being repaid. [ Will part-time work or staying at home with children leave you poorer in old age? Here's what to do now Opens in new window ] Broadstone was working on 19 MTR cases at the end of the first quarter, according to the latest data on the Housing Agency's website. It is understood that Macquarie remains interested in the Irish social housing sector, but plans to focus on public private partnership (PPP). The financial group was involved in Ireland's first PPP for social housing construction, with the deal, signed in 2019, covering 535 homes in Dublin, Louth, Wicklow and Kildare. Other members of the PPP consortium included Bank of Ireland , the European Investment Bank and the Korea Development Bank.
