SMBC reports no stabilisation actions on new EUR notes

Published 28/05/2025, 15:06
SMBC reports no stabilisation actions on new EUR notes

LONDON - Sumitomo Mitsui Financial Group , Inc. (NYSE:SMFG) has announced that no stabilisation measures were taken following the issuance of EUR 800 million in fixed-rate notes due in 2032. The securities, listed on the Luxembourg Stock Exchange’s Euro MTF Market under the ISIN XS3066719959, were offered at 100.0 percent of their nominal value.

The notice, issued by SMBC Bank International PLC, the stabilisation coordinator, clarified that the stabilisation period that had been anticipated in the pre-stabilisation announcement on May 21, 2025, did not see any stabilisation activity by the Stabilising Managers. These managers included Goldman Sachs International, Barclays (LON:BARC) Bank PLC, HSBC Bank plc, Crédit Agricole Corporate and Investment Bank, and Jefferies International Limited.

Stabilisation actions are typically undertaken to support the market price of securities after their initial offering. However, in this case, SMBC confirmed that such actions were not necessary. The announcement also emphasized that the information was intended for informational purposes only and should not be construed as an offer to buy or sell any securities.

The offer was directed at persons outside the United Kingdom (TADAWUL:4280) and those in the UK with professional experience in investment matters or high net worth individuals as per the Financial Services and Markets Act 2000. It was also noted that the offer was addressed to qualified investors in the European Economic Area and the UK in line with the Prospectus Regulation.

Additionally, the securities have not been registered under the United States Securities Act of 1933 and were not offered or sold in the United States absent registration or an exemption from registration.

This announcement, based on a press release statement, serves to inform interested parties of the post-stabilisation status of SMFG’s securities and to provide transparency regarding the stabilisation process.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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