18.02.2015, 01:30
SMBC NY gives guidance for dollar bond taps
OREANDA-NEWS. February 18, 2015. Sumitomo Mitsui Banking Corporation, New York branch, has given initial price guidance for taps of its three-month US\\$500m Libor plus 58bp senior unsecured floating-rate notes due January 16 2018 and its US\\$1bn 2.45% senior unsecured fixed-rate notes due January 16 2020.
The tap of the 2018 FRN is indicated at Libor plus 55bp-58bp and the fixed 2020 at Treasuries plus 95bp area.
The bonds carry an unconditional and irrevocable guarantee from SMBC's New York branch and are expected to be rated A1/A+.
Goldman Sachs (B&D), SMBC Nikko, Citigroup, Barclays and JP Morgan are joint bookrunners for the SEC-exempt deal, which is today's business.
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