Sumitomo Mitsui Trust Bank $500 million 2.251% guaranteed secured bond issue

Overview:

• Sumitomo Mitsui Trust Bank has issued $500 million in bonds
• The 2.251% guaranteed secured bonds are due 2020 and offered on the Irish Stock Exchange under Rule 144A/Reg S.
• The bonds were issued under the bank's $5 billion guaranteed secured obligation programme.
• Goldman Sachs, BNP Paribas, Crédit Agricole, Natixis, NCB Capital Company and UBS acted as managers.
• The funds raised will be used to fund the acquisition of Japanese and European RMBS.

Sam Duke - Editor