To whom it may concern:
July 30, 2015
Sumitomo Mitsui Trust Holdings, Inc. (Securities Code: 8309 TSE, NSE)
Sumitomo Mitsui Trust Holdings, Inc. (President: Kunitaro Kitamura; hereinafter "SuMi TRUST Holdings") hereby announces that its board of directors resolved at its meeting held today to issue unsecured perpetual subordinated bonds with write-down clause.
The general terms of the unsecured perpetual subordinated bonds with write-down clause are as described below and the specific terms and conditions of the issue including issuing schedule will be determined at a later date. The bonds will be qualified as SuMi TRUST Holdings' Additional Tier1 capital under the current applicable capital adequacy requirements.
Type of securities | Unsecured perpetual subordinated bonds with optional-redemption clause and write-down clause for qualified institutional investors only |
Issue amount | To be determined |
Denomination | JPY 100,000,000 |
Redemption date | None (Optional redemption date is to be determined) |
Interest rate | To be determined |
Interest payment dates | To be determined |
Payment date | To be determined |
Use of proceeds | To lend to Sumitomo Mitsui Trust Bank, Limited as subordinated loan with write-down clause |
Method of offering | Private placements only to qualified institutional investors in Japan |
Other | The bonds will be qualified as SuMi TRUST Holdings' Additional Tier1 capital under the current applicable capital adequacy requirements and will have interest cancellation clause, write-down clause, reinstatement clause and subordination clause in conformity with the current applicable capital adequacy requirements. |
(Note) The issuance is subject to valid notifications and approvals based on applicable laws and regulations
End.
Disclaimer:
This document is prepared for the purpose of public disclosure about the notice regarding the issuance of unsecured perpetual subordinated bonds with optional-redemption clause and write-down clause
for qualified institutional investors only by SuMi TRUST Holdings and is not for the purpose of soliciting investment or engaging in any other similar activities within or outside of Japan.
For further information, please contact:
IR Department, Sumitomo Mitsui Trust Holdings, Inc. Telephone: +81-3-3286-8354
Facsimile: +81-3-3286-4654
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