By Cristal Cody
Tupelo, Miss., Jan. 9 – Sumitomo Mitsui Financial Group Inc. priced $4.75 billion of dollar-denominated senior notes (A1/A-/A) in five tranches on Tuesday, according to a market source.
The company sold $750 million of two-year floating-rate notes at Libor plus 35 basis points.
Sumitomo Mitsui priced $1.25 billion of 2.514% two-year fixed-rate notes at a spread of Treasuries plus 55 bps.
The company sold $500 million of five-year floating-rate notes at Libor plus 74 bps.
Sumitomo Mitsui’s $1.5 billion tranche of 3.102% five-year fixed-rate notes were sold with a 78 bps spread over Treasuries.
The company also priced $750 million of 3.544% 10-year notes at a spread of 100 bps over Treasuries.
Goldman Sachs & Co., SMBC Nikko Securities America Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the bookrunners.
Proceeds will be used for general corporate purposes.
The banking and financial company is based in Tokyo.
| Issuer: | Sumitomo Mitsui Financial Group Inc.
|
| Amount: | $4.75 billion
|
| Description: | Senior notes
|
| Bookrunners: | Goldman Sachs & Co., SMBC Nikko Securities America Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC
|
| Trade date: | Jan. 9
|
| Ratings: | Moody’s: A1
|
| S&P: A-
|
| Fitch: A
|
| Distribution: | SEC registered
|
|
|
| Two-year floaters
|
| Amount: | $750 million
|
| Maturity: | Jan. 17, 2020
|
| Coupon: | Libor plus 35 bps
|
|
|
| Two-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 17, 2020
|
| Coupon: | 2.514%
|
| Spread: | Treasuries plus 55 bps
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | Jan. 17, 2023
|
| Coupon: | Libor plus 74 bps
|
|
|
| Five-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Jan. 17, 2023
|
| Coupon: | 3.102%
|
| Spread: | Treasuries plus 78 bps
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | Jan. 17, 2028
|
| Coupon: | 3.544%
|
| Spread: | Treasuries plus 100 bps
|
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