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 |
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 |
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.