[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, December 11, 2008
--- 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 November 19, 2008. The overseas special purpose subsidiary may issue any
additional Preferred Securities in the future.
PARTICULARS
Issuers
|
SMFG
Preferred Capital JPY 2 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 |
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
113.0 billion
|
JPY
140.0 billion
|
JPY
140.0 billion
|
JPY
145.2 billion
|
Dividend Rate
|
4.57%
per annum Floating
rate after January 2019 |
5.07%
per annum Floating
rate after July 2019 |
4.87%
per annum Floating
rate after January 2016 |
4.76%
per annum Floating
rate after January 2014 |
Issue Price
|
JPY 100
million per Preferred Security
|
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Use of Proceeds
|
To be
ultimately provided to Sumitomo Mitsui Banking Corporation, a banking
subsidiary of SMFG, as perpetual subordinated loans
|
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Ranking
|
The
Preferred Securities rank, as to liquidation preferences, effectively paripassu 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
|
December
18, 2008
|
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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.
