OREANDA-NEWS. February 18, 2015. Sumitomo Mitsui Banking Corporation, New York branch, has given initial price guidance for taps of its three-month US\\$500m Libor plus 58bp senior unsecured floating-rate notes due January 16 2018 and its US\\$1bn 2.45% senior unsecured fixed-rate notes due January 16 2020.

The tap of the 2018 FRN is indicated at Libor plus 55bp-58bp and the fixed 2020 at Treasuries plus 95bp area.

The bonds carry an unconditional and irrevocable guarantee from SMBC's New York branch and are expected to be rated A1/A+.

Goldman Sachs (B&D), SMBC Nikko, Citigroup, Barclays and JP Morgan are joint bookrunners for the SEC-exempt deal, which is today's business.