By Aleesia Forni
Virginia Beach, Oct. 14 – Sumitomo Mitsui Banking Corp. priced $500 million of 2.45% green bonds (A1/A) on Wednesday at Treasuries plus 120 basis points, an informed source said.
Pricing was at 99.874 to yield 2.477%.
Bookrunners were BofA Merrill Lynch and SMBC.
Sumitomo Mitsui is a Tokyo-based financial services company.
| Issuer: | Sumitomo Mitsui Banking Corp.
|
| Amount: | $500 million
|
| Description: | Green bonds
|
| Maturity: | Oct. 20, 2020
|
| Bookrunners: | BofA Merrill Lynch, SMBC
|
| Coupon: | 2.45%
|
| Price: | 99.874
|
| Yield: | 2.477%
|
| Spread: | Treasuries plus 120 bps
|
| Trade date: | Oct. 14
|
| Settlement date: | Oct. 20
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A
|
| Price guidance: | Treasuries plus 125 bps area
|
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