Bond Factsheet
Marketplace
SUMIBK 6.950% Perpetual Corp (USD)
Sumitomo Mitsui Financial Group Inc
Full Lot
Bid Price -
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Bid Volume -
Ask Price -
Change in Ask Price
-
Ask Yield (%) -
Change in Ask Yield
-
Ask Volume -
Odd Lot
Bid Price -
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Bid Volume -
Ask Price -
Change in Ask Price
-
Ask Yield (%) -
Change in Ask Yield
-
Ask Volume -
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Sumitomo Mitsui Financial Group Inc
Guarantor
-
Announcement Date
01 Sep 2026
Issue Date
10 Sep 2026
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 10.147
Modified Duration
6.965 @ 14 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.952
Coupon Type
Variable
Annual Coupon Rate
6.950
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Capital Structure
Additional Tier 1
Reference Rate
Reset Date: 05 Dec 2036 and every 5 years thereafter
Reset Rate: UST 5 Year + Initial Margin (2.143%)
ISIN
US86562MEY21
CUSIP
86562MEY2
Bond Currency
USD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
Issuer Credit Rating (S&P/ Fitch)
***/ A-
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Bail-in
Write-Downs and Write-Ups of the Notes
Going Concern Write-Down upon a Capital Ratio Event
If a Capital Ratio Event occurs, the notes will be subject to a Going Concern Write-Down (as defined below) on the relevant Going Concern Write-Down Date (as defined below) automatically and without any additional action by us, the trustee, the agents or the holders or beneficial owners of the notes.
Upon the occurrence of a Capital Ratio Event, the following will occur on the relevant Going Concern Write-Down Date:
(i) the Current Principal Amount of the notes will be written down by an amount equal to the relevant Going Concern Write-Down Amount (as defined below);
(ii) we will be discharged and released from any and all of our obligations with respect to the payment of the Current Principal Amount of or interest on the notes (including additional amounts with respect thereto, if any) to the extent related to the relevant Going Concern Write-Down Amount, except for payments of principal or interest (including additional amounts with respect thereto, if any) that have become due and payable prior to the occurrence of the Capital Ratio Event and remain unpaid; and
(iii) each of the holders and beneficial owners of the notes will be deemed to have irrevocably waived its right to claim or receive, and will not have any rights against us with respect to, and cannot instruct the trustee to enforce, the payment of principal of the notes to the extent related to the relevant Going Concern Write-Down Amount or interest thereon (including additional amounts with respect thereto, if any), except for any payments of principal or interest (including additional amounts with respect thereto, if any) that have become due and payable prior to the occurrence of the Capital Ratio Event and remain unpaid
(together, items (i) – (iii) describing a “Going Concern Write-Down”).
Going Concern Write-down Upon a Capital Ratio Event
A “Capital Ratio Event” for purposes of the notes will be deemed to have occurred if we publicly announce (including without limitation byway of a public announcement made in accordance with applicable law or the rules of a relevant securities exchange) that our Consolidated Common Equity Tier 1 Capital Ratio (as defined in “Description of the Notes—Definitions”), calculated by us pursuant to the Applicable Capital Adequacy Regulations as of a Quarterly Financial Period End Date (as defined in “Description of the Notes—Definitions”) or any other date, has fallen below 5.125%, except where, prior to such public announcement, we submit a plan to the FSA under which our Consolidated Common Equity Tier 1 Capital Ratio is expected to increase above 5.125% in the absence of a Going Concern Write-Down of the notes, and the FSA approves such plan.
Write-Down and Cancellation upon a Non-Viability Event or Bankruptcy Event
If a Non-Viability Event or Bankruptcy Event occurs, the notes will be subject to a Write-Down and Cancellation on the relevant Write-Down and Cancellation Date (as defined in “Description of the Notes—Write-Downs and Write-Ups of the Notes—Write-Down and Cancellation upon a Non-Viability Event or Bankruptcy Event”) upon the occurrence of the Non-Viability Event, or immediately upon the occurrence of the Bankruptcy Event, automatically and without any additional action by us, the trustee, the agents or the holders or beneficial owners of the notes.
Deferral Interest Payment
If SMFG determines that it is necessary to cancel payment of interest on the Notes at any time and in its sole discretion, SMFG may cancel payment of all or part of the interest accrued on the Notes on an Interest Payment Date (including additional amounts with respect thereto, if any). SMFG may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount SMFG is required to cancel pursuant to the mandatory interest cancellation provisions in the Indenture. If SMFG determines not to make an interest payment (or if SMFG determines to make a payment of a portion, but not all, of such interest payment) on any Interest Payment Date, such non-payment will be deemed to be an effective cancellation of such interest payment (or the portion of such interest payment not paid) without any further action being taken or any other condition being satisfied.
Mandatory Cancellation of Interest Payments:
SMFG will be prohibited from paying, and will cancel, all or part of the interest on the Notes on an Interest Payment Date (including additional amounts with respect thereto, if any), if, and to the extent that, on such Interest Payment Date, the amount of Distributable Amounts (as defined below) is less than the sum of (1) the aggregate amount of interest that should have been paid in respect of the Notes on such Interest Payment Date (disregarding the effect of any non-business day adjustments), (2) the aggregate amount of interest and dividends that should have been paid in respect of any Additional Tier 1 Instruments on the same date as such Interest Payment Date (disregarding the effect of any non-business day adjustments), and (3) the aggregate amount of interest and dividends paid in respect of the Notes and Additional Tier 1 Instruments, excluding amounts already deducted from Distributable Amounts, on or after the first day of the fiscal year of SMFG in which such Interest Payment Date falls and before such Interest Payment Date (disregarding the effect of any non-business day adjustments).
“Distributable Amounts” means, in respect of any Interest Payment Date of the Notes, SMFG’s distributable amounts (bunpai kano gaku) on such Interest Payment Date calculated in accordance with the Companies Act.
Effect of a Cancellation of Interest Payment; Dividend Stopper
Interest payments are non-cumulative, and any interest amount (including additional amounts with respect thereto, if any), the payment of which is cancelled (in whole or in part) either (i) in our discretion, as described above in “—Optional Cancellation of Interest Payments,” or (ii) because such cancellation is mandatory, as described above in “—Mandatory Cancellation of Interest Payments,” will be deemed not to have accrued and will not be due and payable at any time thereafter, and we shall be discharged and released from any and all of our obligations to pay such cancelled interest (and additional amounts with respect thereto, if any) on the notes. Non-payment of such cancelled interest (or additional amounts with respect thereto, if any) shall not constitute a breach, a default, an event of default or an event of acceleration under the terms of the notes or the Indenture. Accordingly, holders or beneficial owners of the notes will not have any claim therefor, whether or not interest is paid in respect of any other period. See “—No Events of Default or Rights of Acceleration.”
Issuer Call
Additional Note
The Notes may be redeemed at SMFG’s option, in whole, but not in part, subject to prior confirmation of the FSA, if such confirmation is required under the Applicable Capital Adequacy Regulations, at any time, on giving not less than ten Business Days nor more than 60 days’ notice of redemption to the holders of the Notes and to the trustee, at a redemption price equal to 100% of the Current Principal Amount of the Notes on the date fixed for redemption together with any accrued and unpaid interest (including additional amounts with respect thereto, if any) to (but excluding)the date fixed for redemption if SMFG determines after consultation with the FSA that there is more than an insubstantial risk that the Notes will be partially or fully excluded from SMFG’s Additional Tier 1 Capital under the applicable standards set forth in the Applicable Capital Adequacy Regulations and such exclusion cannot be avoided by SMFG through the taking of reasonable measures available to SMFG.
Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Bond Calculator
Yield Calculation
Investment Amount
Nominal Value-
Principal Amount-
Accrued Interest-
Total Payable-
Cash Flow Information