Sumitomo Electric Industries : The 30th Announcement of Unsecured Straight Bond Issue ( 132.7 KB)

Press Release

Announcement of Unsecured Straight Bond Issue

February 21, 2020

Sumitomo Electric Industries, Ltd.

Sumitomo Electric Industries, Ltd. today announced that it has determined the terms and condition for the issue of 30th Series of Unsecured Straight Bonds as follows.

1. Name of the Bonds	Sumitomo Electric Industries, Ltd. 30th Series of
	Unsecured Straight Bonds (with inter-bondpari passu
	clauses)

2. Application of the Act on Book-Entry of Company Bonds, Shares, etc.

		The Act on Book-Entry of Company Bonds, Shares, etc.
		will apply to the Bonds.
3.	Aggregate amount of the bonds	10 billion yen
4.	Denomination of each bond	100 million yen
5.	Issue price	100% of the principal amount
6.	Redemption price	100% of the principal amount
7.	Coupon rate (per annum)	0.080%
8.	Offering period	February 21, 2020
9.	Closing date	February 28, 2020
10.	Maturity date	February 28, 2025
11.	Interest payment dates	February 28 and August 28 of each year
		(First interest payment date will be August 28, 2020)
12.	Security or guarantee	The Bonds will be unsecured and not guaranteed.
		There will be no assets reserved as security for the Bonds.
13.	Financial covenants	The Bonds are subject to certain negative pledge
		restrictions.
14.	Ratings	"AA-"from Rating and Investment Information, Inc.
		"AA" from Japan Credit Rating Agency, Ltd.
15.	Joint lead managers	SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd.,
		Mizuho Securities Co., Ltd. and Nomura Securities Co.,
		Ltd.
16.	Fiscal, issuing and paying agent	Sumitomo Mitsui Banking Corporation