S&P rates Sumitomo Mitsui bonds A+

Standard & Poor's said it assigned an A+ rating to the dollar-denominated straight bonds issued by Sumitomo Mitsui Banking Corp., which has A+ and A-1 ratings with a stable outlook.

The total issue amount is $2 billion.

Of these, $1 billion are due on July 22, 2013 with a coupon rate of 2.15%, S&P said. The remaining $1 billion are due on July 22, 2015 with a coupon rate of 3.15%, the agency said.

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