Sumitomo Mitsui Financial Group 2021 Financial Overview
Subordinated bonds
Investment highlights
Recent issuances and maturity profile
Recent issuances (AT1/Tier 2)
High credit
quality
Strong capital: High CET1 ratio
Strong liquidity: Low loan to
Security type
AT1
deposit ratio
Strong credit : Low NPL ratio
Tier 2 (USD)
Issue date
Sep. 9, 2020
Sep. 17, 2021
Amount
JPY 100 bn
USD 850 mn
Tenor
PerpNC10
Coupon
20y
1.109%*1
2.930%
High credit
rating
High credit rating of senior and
subordinated bonds (Tier 2) due in
part to the support framework
Maturity profile by debt class*
AT1 (USD bn)
0.8
FY3/22
23 24 25
25
Tier 2 (USD bn)
Scarcity value
Offers investment diversification
opportunities to investors
3.4
■ JPY
1.3
1.3
0.8
0.8 0.9
26
27
27
28 29
29
■ USD
JPY
2.6
1.6
1.1
0.9
30
30
31 32
32
1.1
0.5
FY3/22
23 24
25
26
27
28
29
30
31
32
32
*1 Reset at 5y JGB+105bp every 5 years after the first call date
*2 AT1 Capital and Tier 2 Capital include previously issued Basel 2-eligible bonds. The sum of SMFG and SMBC,
each on a non-consolidated basis. All redemptions were, or are expected at maturity other than for callable bonds,
which were, or are expected to be redeemed at their respective 1st call dates, while there is no assurance they will
be redeemed at such time. Include all bonds priced by Sep. 21. Translated at the exchange rate as of Sep. 21
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