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Sumitomo Bank wants to expand its lending in the United States, but to do so it needs to raise more long term debt capital to
Sumitomo Bank wants to expand its lending in the United States, but to do so it needs to raise more long term debt capital to help finance these loans. Currently, long term interest rates are 9.5% in the U.S. and 6.3% in Japan. What would you recommend Sumitomo do? Please explain.
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