Sumitomo Mitsui Financial Group (SMFG) is a major Japanese financial services conglomerate offering banking, trust banking, securities, and other financial services globally.
Japanese financial conglomerate Sumitomo Mitsui Financial Group (SMFG), a major global banking and financial services institution headquartered in Japan, has issued a USD-denominated zero-coupon bond, identified by ISIN XS2251641002, which matures on November 19, 2050, and is currently quoted at 100% of its face value in the market; this instrument, part of a $500,000,000 total issuance, requires a minimum acquisition size of $1,000,000 and, despite a listed semi-annual payment frequency, carries a 0% interest rate, indicating it is designed as a deep discount bond with no periodic interest disbursements.
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