New Issue: Sumitomo prices $1.75 billion 4.436% 10-year notes at 175 bps spread

By Aleesia Forni

Virginia Beach, March 27 - Sumitomo Mitsui Financial Group Inc. priced $1.75 billion of 4.436% tier 2 subordinated notes (Baa2/BBB+/BBB) due 2024 at par with a spread of Treasuries plus 175 basis points, according to an informed source.

Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co. and SMBC Nikko managed the Rule 144A and Regulation S deal.

The banking and financial company is based in Tokyo.

Issuer:	Sumitomo Mitsui Financial Group Inc.
Amount:	$1.75 billion
Description:	Tier 2 subordinated notes
Maturity:	April 2, 2024
Bookrunners:	Barclays, Citigroup Global Markets Inc., Goldman Sachs & Co., SMBC Nikko
Coupon:	4.436%
Price:	Par
Yield:	4.436%
Spread:	Treasuries plus 175 bps
Trade date:	March 26
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB+
	Fitch: BBB
Price talk:	Treasuries plus 175 bps to 180 bps, tightened from Treasuries plus high-100 bps area
Distribution:	Rule 144A, Regulation S

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