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LONDON - SMBC Bank International plc has announced that it may engage in stabilization activities for Sumitomo Mitsui (NYSE:SMFG) Finance and Leasing Company, Limited’s upcoming USD Notes due 2030. The stabilization period is set to commence today, Thursday, and could last up to 30 days post-issue or 60 days post-allotment, whichever is earlier.
The securities, governed by English law and listed on the SGX-ST with an ISIN of XS3039124360, have yet to have their aggregate nominal amount and offer price confirmed. The notes will be available in denominations of USD 200,000 plus USD 1,000, featuring both an issuer call and an issuer make-whole call option.
SMBC, acting as the Stabilisation Coordinator, alongside Merrill Lynch International, Mizuho (NYSE:MFG) Securities Asia Limited, and Morgan Stanley & Co (NYSE:MS). International plc as Stabilising Managers, may over-allot or take other actions to support the market price of the securities. Such measures are intended to maintain pricing levels above those that might otherwise prevail in the open market. However, there is no guarantee that stabilization will occur, and it may cease at any time within the prescribed period.
The announcement clarifies that the securities are classified as ’prescribed capital markets products’ under the Singapore SFA Product Classification and are not being offered or sold in Japan or the United States, adhering to respective regulations.
This pre-stabilisation notice is for informational purposes only and does not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities. It is directed at persons outside the UK and those within the UK who have professional experience in investment-related matters or are high-net-worth individuals, as defined by local regulations.
The communication is based on a press release statement and should not be considered a solicitation or an offer in jurisdictions where such actions would be unlawful. The information herein is also not for distribution in the United States or to any US persons.
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