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Sumitomo Mitsui Banking Corp. is considering providing Arai-Gumi Ltd., a medium-size construction company, with a bailout worth billions of yen, sources close to the deal said Friday.

According to the sources, the rescue will center on a debt waiver and may include a debt-for-equity swap. A spokesman for Arai-Gumi, however, denied that any such arrangement is being discussed.

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