FHLBank sells $3 billion Global notes; Sumitomo Mitsui prices $2.5 billion three-parter

By Devika Patel

Knoxville, Tenn., Oct. 11 – The high-grade bond primary market saw little activity on Thursday, with just two deals pricing.

Washington, D.C.-based funding provider Federal Home Loan Bank System priced $3 billion of 3% three-year Global notes.

Tokyo-based Sumitomo Mitsui Financial Group Inc. sold $2.5 billion of senior notes in three tranches.

In its deal, Federal Home Loan sold $3 billion of 3% three-year Global notes at 99.935 to yield 3.023% on Thursday. The notes priced with a spread of 8 basis points over Treasuries.

Meanwhile, Sumitomo Mitsui priced $2.5 billion of senior notes (A1/A-) in three tranches on Wednesday.

The company sold $850 million of five-year floating-rate notes with a coupon equal to Libor plus 80 bps.

The issuer priced $1 billion of 3.936% five-year fixed-rate notes with a spread of Treasuries plus 92 bps.

It also brought $650 million of 4.306% 10-year notes with a spread of 112 bps over Treasuries.

All of the notes were sold at par.

© 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.