By Aleesia Forni
New York, Jan. 13 – Sumitomo Mitsui Banking Corp. priced $1.25 billion of senior notes (A1/A) in fixed- and floating-rate tranches due Jan. 18, 2019, according to a market source.
There was $750 million of 2.05% three-year notes priced at 99.931 to yield 2.074%, or Treasuries plus 95 basis points.
The notes were guided in the Treasuries plus 100 bps area and initially talked in the area of Treasuries plus 100 bps.
There was $500 million of three-year floating-rate notes priced at par to yield Libor plus 94 basis points.
The tranche was talked at the Libor equivalent to the fixed-rate piece.
Bookrunners are Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., Nomura and SMBC Nikko.
Sumitomo Mitsui is a Tokyo-based financial services company.
| Issuer: | Sumitomo Mitsui Banking Corp.
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., SMBC Nikko, Nomura
|
| Trade date: | Jan. 13
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A
|
|
|
| Three-year notes
|
| Amount: | $750 billion
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | 1.95%
|
| Price: | 99.931
|
| Yield: | 2.074%
|
| Spread: | Treasuries plus 95 bps
|
| Price guidance: | Treasuries plus 100 bps area, tightened from Treasuries plus 110 bps area
|
|
|
| Three-year floaters
|
| Amount: | $500 million
|
| Maturity: | Jan. 18, 2019
|
| Coupon: | Libor plus 94 bps
|
| Price: | Par
|
| Yield: | Libor plus 94 bps
|
| Price guidance: | Libor equivalent to three-year fixed-rate notes
|
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