[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual Preferred Securities(1/1)
Sumitomo Mitsui Financial Group, Inc.
Notice regarding Pricing of Non-Dilutive Non-Cumulative Perpetual
Preferred Securities
TOKYO, September 16, 2009
--- Sumitomo Mitsui Financial Group, Inc. (SMFG, President: Teisuke Kitayama) hereby announces that it has determined the
following conditions with regard to the issuance of non-dilutive non-cumulative
perpetual preferred securities by its overseas special purpose subsidiary (the “Preferred
Securities”) announced in the “Notice regarding Establishment of Overseas
Special Purpose Subsidiary and Issuance of Non-Dilutive Non-Cumulative
Perpetual Preferred Securities” dated August 24, 2009. The overseas special
purpose subsidiary may issue any additional Preferred Securities in the future.
PARTICULARS
Issuers
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SMFG
Preferred Capital JPY 3 Limited
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The
issuer is an overseas special purpose subsidiary established in the Cayman
Islands, the voting rights of which are wholly owned by SMFG
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Type of Security
|
Japanese
yen denominated Non-Cumulative Perpetual Preferred Securities |
Japanese
yen denominated Non-Cumulative Perpetual Preferred Securities |
Japanese
yen denominated Non-Cumulative Perpetual Preferred Securities |
The
Preferred Securities are not convertible into common stock of SMFG
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Total Issue Amount
|
JPY
99.0 billion
|
JPY
164.5 billion
|
JPY
79.5 billion
|
Dividend Rate
|
4.06%
per annum (Fixed rate until January 2020)
Floating
rate after January 2020 (with step-up)
|
4.56%
per annum (Fixed rate until January 2020)
Floating
rate after January 2020 (non step-up)
|
3.98%
per annum (Fixed rate until January 2015)
Floating
rate after January 2015 (non step-up)
|
Issue Price
|
JPY 100
million per Preferred Security
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Use of Proceeds
|
To be
ultimately applied to strengthen the capital base of Sumitomo Mitsui Banking
Corporation, a banking subsidiary of SMFG
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Ranking
|
The
Preferred Securities rank, as to liquidation preferences, effectively pari passu with
preferred stock of SMFG
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Method of Offering
|
Private
placement to qualified institutional investors, etc. in Japan
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Listing
|
Unlisted
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Scheduled Issue Date
|
September 28,
2009
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Note: The above description is prepared on the assumptions that SMFG
performs necessary filings and obtains the approval, required under the
relevant laws.
Disclaimer:
This document is prepared for the purpose of
public disclosure about issuance of the Preferred Securities by SMFG and does
not constitute a solicitation of an offer for purchase of any securities in and
outside of Japan. This document is not an offer to sell or a solicitation of
any offer to buy the Preferred Securities in the United States. The Preferred
Securities set forth above have not been and will not be registered under the
United States Securities Act of 1933 (the “Act”) and may not be offered or sold
in the United States without registration or an applicable exemption from the
registration requirements under the Act.
Copyright © 2009 Sumitomo Mitsui Banking Corporation. All Rights Reserved.