Sumitomo Mitsui Trust Bank Ltd (MITBK) 2022-3

USD500.0003Mar-25Sr. UnsecuredA1A-FixedTsyT+115 a-902.55%399.91400
USD500.0005Mar-27Sr. UnsecuredA1A-FixedTsyT+130-135-1082.80%499.90700
Tranche Comments
3 yr: Book size: 800; Registration: 144A/Reg S; Comments: US$500m 2.55% cpn 3yr (3/10/25) at 99.914 , yld 2.58% . Spread: T+90bp; 5 yr: Book size: 1000; Registration: 144A/Reg S; Comments: US$500m 2.80% cpn 5yr (3/10/27) at 99.907, yld 2.82%. Spread: T+108bp;
Deal Comments
Green Bond (5yr). Joint Bookrunners: GSC(B&D), DWA; 3yr: JPM, CTI; 5yr: BNP, BAM, CAG
Use of Proceeds
3yr: General corporate purposes; 5yr: Refinancing of existing environmental projects