SMBC announces potential market stabilization for new notes

LONDON - SMBC Bank International PLC has notified the market of potential stabilization actions related to the issuance of new fixed-rate notes by Sumitomo Mitsui Financial Group (NYSE:SMFG), Inc. The announcement, made on Wednesday, indicates that stabilization measures may be implemented following the pricing of the securities, which is expected to occur today.

The securities in question are EUR-denominated fixed-rate notes due in 2032, listed on the Luxembourg Stock Exchange’s Euro MTF Market, with an ISIN of XS3066719959. The exact aggregate nominal amount and offer price are yet to be confirmed.

SMBC, serving as the Stabilisation Coordinator, has outlined that the stabilization period is anticipated to commence on the pricing date and is set to end no later than 27 June 2025, 30 days after the proposed issue date. During this time, the Stabilising Manager(s), which include SMBC itself, Goldman Sachs International, Barclays (LON:BARC) Bank PLC, HSBC Bank plc, Crédit Agricole Corporate and Investment Bank, and Jefferies International Limited, may engage in transactions to support the market price of the securities.

The stabilization efforts, if initiated, aim to maintain the market price above levels that might otherwise naturally prevail in the open market. However, there is no certainty that stabilization will occur, and if started, it can be discontinued at any time within the specified period.

Over-allotment of the securities is permissible within the scope of applicable laws and may be employed by the Stabilising Manager(s) as part of the stabilization strategy. The transactions will be carried out in compliance with all relevant regulations, including the EU Market Abuse Regulation and the UK Financial Conduct Authority’s Stabilisation Binding Technical Standards.

This pre-stabilisation notice is intended strictly for informational purposes and does not serve as an offer to buy or sell any securities or an invitation to participate in any trading activity. The announcement emphasizes that the distribution of this information and the offer of securities are restricted by law in certain jurisdictions, including the United States.

The communication of this announcement and any related securities offer is directed exclusively at qualified investors in the European Economic Area and the United Kingdom (TADAWUL:4280), in accordance with the Prospectus Regulation and the UK Prospectus Regulation, respectively.

This news article is based on a press release statement and is intended to provide an overview of the potential market stabilization actions related to Sumitomo Mitsui Financial Group, Inc.’s new securities issuance.

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