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Published on 3/9/2023 in the Prospect News Investment Grade Daily.

New Issue: Sumitomo Corp. issues $500 million 5.55% notes due 2028

By Mary-Katherine Stinson

Lexington, Ky., March 9 – Sumitomo Corp. sold $500 million 5.55% notes due March 9, 2028 (BBB+), according to a listing notice.

The bonds will be issued under Sumitomo’s euro medium-term note program.

They will be listed on the Singapore Exchange effective March 10.

Toyoko-based Sumitomo conducts business in six fields including metal products, transportation and construction systems, infrastructure, media and digital, living related and real estate and mineral resources, energy, chemical and electronics.

Issuer:Sumitomo Corp.
Amount:$500 million
Issue:Notes
Maturity:March 9, 2028
Coupon:5.55%
Issue date:March 9
Listing date:March 10
Ratings:S&P: BBB+
ISIN:XS2592306752

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