By Cristal Cody
Eureka Springs, Ark., Oct. 11 – Sumitomo Mitsui Financial Group Inc. priced $4.5 billion of senior notes (A1/A-/A) in five parts on Tuesday, according to a market source.
The company sold $500 million of two-year floating-rate notes at Libor plus 67 basis points.
A $500 million tranche of 1.762% two-year notes priced at a spread of 90 bps over Treasuries.
Sumitomo Mitsui Financial Group sold $500 million of five-year floating-rate notes at Libor plus 114 bps.
The company priced $1.5 billion of 2.442% five-year notes at a spread of 115 bps over Treasuries.
Sumitomo Mitsui Financial Group also sold $1.5 billion of 3.01% 10-year notes at Treasuries plus 125 bps.
BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co. and SMBC Nikko Securities America, Inc. were the bookrunners.
The notes are non-callable.
Proceeds will be used for general corporate purposes, according to a 424B5 filed with the Securities and Exchange Commission.
The banking and financial company is based in Tokyo.
| Issuer: | Sumitomo Mitsui Financial Group Inc.
|
| Amount: | $4.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., SMBC Nikko Securities America, Inc.
|
| Call feature: | None
|
| Trade date: | Oct. 11
|
| Ratings: | Moody’s: A1
|
| S&P: A-
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Two-year floaters
|
| Amount: | $500 million
|
| Maturity: | Oct. 19, 2018
|
| Coupon: | Libor plus 67 bps
|
|
|
| Two-year fixed-rate notes
|
| Amount: | $500 million
|
| Maturity: | Oct. 19, 2018
|
| Coupon: | 1.762%
|
| Spread: | Treasuries plus 90 bps
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | Oct. 19, 2021
|
| Coupon: | Libor plus 114 bps
|
|
|
| Five-year fixed-rate notes
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 19, 2021
|
| Coupon: | 2.442%
|
| Spread: | Treasuries plus 115 bps
|
|
|
| 10-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Oct. 19, 2026
|
| Coupon: | 3.01%
|
| Spread: | Treasuries plus 125 bps
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
