Bocom International (HKG:3329) unit Preferred Investment Management acquired $10 million of certain bonds issued by Sumitomo Mitsui Banking (TYO:8316) in the over-the-counter market on Tuesday, a Wednesday Hong Kong bourse filing said.
The bonds make up part of an issue of $800 million of senior floating rate notes falling due April 15, 2030.
The purchase was made for investment purposes.
Shares of the financial services provider were down nearly 2% in recent trade.
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