SMBC Group's Financial and Credit Portfolio
Subordinated bonds issuance results and strategy
Subordinated bonds issuances and redemptions*1
(USD bn)
5
FY3/20
FY3/21
FY3/22
FY3/23
FY3/24
FY3/25
FY3/26
■ JPY AT1
FY3/27
■ JPY Tier 2
FY3/28
■ USD Tier 2
4
Redemption
Issuance
3
1.0
0.9
2
0.9
1
0.5
0.9
0.7
2.3
0.8
0.9
0.7
0.8
0
(0.3)
(1)
(2)
(1.1)
(1.2)
(1.1)
(0.6)
(0.8)
(0.8)
(1.1)
(1.8)
(0.6)
(1.0)
(1.0)
(0.7)
(3)
All of SMFG's callable capital notes have been redeemed
at their first call date
Historical issuance calendar *2
May
Apr
FY3/18
FY3/19
FY3/20
FY3/21
FY3/22
FY3/23
¥ AT1
FY3/24
PNC5/PNC10 ¥140bn
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
AT1
PNC10 ¥150bh
AT1
PNC10 ¥85bn
$Tier2
10y $500mn
AT1 $Tier2
PNC10¥100bn 10y $850mn
$Tier2
20y $850mm
AT1
PNC5/PNC10 ¥107bn
Mar
Tier2
10y \100bn
AT1
PNC10 ¥80bn
Tier2
10NC5/10y ¥100bn
Tier2
20y $1bn
AT1
Tier2¦
PNC5/PNC10 ¥211bn 10NC5/10y ¥130bn
*1 The sum of SMFG Subordinated bonds issuances and redemptions. All redemptions were, or are expected, at maturity other
than for callable bonds, which were, or are assumed for illustration to be, redeemed at their respective 1st call dates, while
there is no assurance they will be redeemed at such time. Among all bonds priced by Oct. 23. Translated into USD at the
exchange rate as of the end of each period for FY3/20-FY3/23, and as of Sep. 23 for FY3/24-FY3/28
*2 Based on pricing date.
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