News Release


[Sumitomo Mitsui Financial Group, Inc.]Notice regarding Redemption of Non-Cumulative Preferred Securities(1/1)

Sumitomo Mitsui Financial Group, Inc.

 

Notice regarding Redemption of Non-Cumulative Preferred Securities

 

TOKYO, April 28, 2009 --- Sumitomo Mitsui Financial Group, Inc. (SMFG) hereby announces that SMFG and Sumitomo Mitsui Banking Corporation (SMBC) have resolved at their respective board of directors to authorize the redemption in full of all series of the preferred securities issued by SB Equity Securities (Cayman), Limited, which is a subsidiary of both SMFG and SMBC, as stated below.

 

1. Summary of Non-cumulative Preferred Securities to be Redeemed

Issuer

SB Equity Securities (Cayman), Limited

Type of Securities Issued

Non-cumulative preferred securities (the gPreferred Securitiesh)

Maturity

Perpetual

Optional Redemption

The Preferred Securities may be redeemed at the option of the Issuer on any dividend payment date on and after the dividend payment date in June 2009.

Dividends

Series A-1     :  Floating rate

Series A-2     :  Floating rate

Series B        :  Fixed rate (Floating rate after June 2009)

Total Issue Amount

Series A-1     :  ¥315,000,000,000

Series A-2     :    ¥5,000,000,000

Series B        :   ¥20,000,000,000

Issue Date

Series A-1     :  February 26, 1999

Series A-2     :  March 26, 1999

Series B        :  March 1, 1999

Redemption Amount

Series A-1     :  ¥315,000,000,000

Series A-2     :    ¥5,000,000,000

Series B        :   ¥20,000,000,000

 

2. Scheduled Redemption Date

June 30, 2009

 

 




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