Sumitomo Mitsui Financial Group $4 billion senior TLAC notes issues

Overview:

• Sumitomo Mitsui Financial Group has issued $4 billion in senior notes.
• The issue consisted of $1.75 billion 2.934% senior notes due 2021, $1.5 billion 3.784% senior notes due 2026 and $750 million senior floating rate notes due 2021.
• Goldman Sachs, SMBC Nikko Securities, Citigroup Global Markets, Barclays Capital, Merrill Lynch Pierce Fenner & Smith and JPMorgan Securities acted as underwriters.
• The deal is the first TLAC (total loss-absorbing capacity) issue by Sumitomo.

Sam Duke - Editor