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Sumitomo Mitsui works to sell senior fixed- and floating-rate notes
Chicago, Jan. 3 – Sumitomo Mitsui Financial Group, Inc. is offering senior fixed- and senior floating-rate notes, according to a 424B5 filing with the Securities and Exchange Commission.
Both tranches will be non-redeemable.
SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Jefferies LLC are listed as joint lead managers and joint bookrunners.
Bank of New York Mellon will be the trustee.
Davis Polk & Wardwell LLP and Nagashima Ohno & Tsunematsu are working as counsel for the issuer. Simpson Thacher & Bartlett LLP is working for the underwriters.
Proceeds will be used to extend unsecured loans in line with total loss-absorbing capital standards. Proceeds from the loans will be used for general corporate purposes.
The notes will be listed on the Luxembourg Stock Exchange.
The bank holding company for SMBC is based in Tokyo.
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