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Sumitomo Mitsui Trust Holdings Inc (8309.T)

8309.T on Tokyo Stock Exchange

3,891JPY
1:51am EDT
Change (% chg)

¥-11 (-0.28%)
Prev Close
¥3,902
Open
¥3,918
Day's High
¥3,918
Day's Low
¥3,847
Volume
1,078,200
Avg. Vol
1,797,429
52-wk High
¥4,644
52-wk Low
¥2,877

Latest Key Developments (Source: Significant Developments)

Sumitomo Mitsui Trust Holdings considers separating its banking and asset management businesses - Nikkei
Tuesday, 31 Jan 2017 12:20pm EST 

Nikkei: Sumitomo Mitsui Trust Holdings is considering a group reshuffle to separate its banking and asset management businesses - Nikkei . Sumitomo mitsui trust group is working to complete the reorganization process within five years - Nikkei .Sumitomo Mitsui Trust Holdings intends to move unit Sumitomo Mitsui Trust Bank's asset management operations to Sumitomo Mitsui Trust Asset Management - Nikkei.  Full Article

Mizuho Financial Group, Sumitomo Mitsui Trust enter talks to combine custody services operations - Nikkei
Tuesday, 17 Jan 2017 12:20pm EST 

Sumitomo Mitsui Trust Holdings Inc <8309.T> : Mizuho Financial Group and Sumitomo Mitsui Trust Holdings have entered talks to combine their custody services operations - Nikkei . Mizuho Financial Group and Sumitomo Mitsui Trust Holdings will also consider broader partnerships outside the custody business- Nikkei .Mizuho Financial Group and Sumitomo Mitsui Trust Holdings plan to combine related overseas operations as well - Nikkei.  Full Article

Sumitomo Mitsui Trust Holdings to issue 100 bln yen unsecured perpetual subordinated bonds with write-down clause
Thursday, 1 Sep 2016 11:11pm EDT 

Sumitomo Mitsui Trust Holdings Inc <8309.T>: Says it plans to issue third series of unsecured perpetual subordinated bonds with optional-redemption clause and write-down clause worth 70 billion yen bonds . Says the co may, at its discretion, redeem the bonds on any interest payment date on Dec. 5, 2026 or thereafter or upon the occurrence of a tax event or a capital event . Says the interest rate at 1.51 percent from Sep. 8, 2016 until Dec. 5, 2026 and the interest rate at 6-month yen LIBOR + 1.4 percent from Dec. 5, 2026 . Says it plans to issue forth series of unsecured perpetual subordinated bonds with optional-redemption clause and write-down clause worth 30 billion yen bonds . Says the co may, at its discretion, redeem the bonds on any interest payment date on Dec. 5, 2031 or thereafter or upon the occurrence of a tax event or a capital event . Says the interest rate at 1.73 percent from Sep. 8, 2016 until Dec. 5, 2031 and the interest rate at 6-month yen LIBOR + 1.45 percent from Dec. 5, 2031 . Says both of the bonds' subscription date on Sep. 2 and payment date on Sep. 8 .Says the proceeds to be use to lend to Sumitomo Mitsui Trust Bank, Limited as subordinated loan with write-down clause.  Full Article

Tokyo TY Financial Group forms business alliance with Bank of Yokohama included four firms
Monday, 29 Aug 2016 02:13am EDT 

Tokyo TY Financial Group Inc <7173.T> : Says the company forms a business alliance with Concordia Financial Group Ltd <7186.T> 's unit The Bank of Yokohama Ltd, Sumitomo Mitsui Trust Holdings Inc <8309.T>'s unit Sumitomo Mitsui Trust Bank Limited, Bank of Kyoto Ltd <8369.T> and Gunma Bank Ltd . The co plans to buy 9,000 shares (15 percent stake) in Sky Ocean Asset Management Co Ltd from Bank of Yokohama, Sumitomo Mitsui Trust Bank, on Sep. 16, and will hold a 15 percent stake in it after transaction .Sky Ocean Asset Management Co Ltd was established by Bank of Yokohama, Sumitomo Mitsui Trust Bank, Bank of Kyoto and Gunma Bank.  Full Article

Gunma Bank, Bank of Kyoto, Concordia Financial Group and Sumitomo Mitsui Trust Holdings announce business alliance
Thursday, 30 Jun 2016 02:00am EDT 

Gunma Bank Ltd <8334.T>: Says Gunma Bank, Bank of Kyoto Ltd <8369.T>, Concordia Financial Group Ltd <7186.T> and Sumitomo Mitsui Trust Holdings Inc <8309.T> will form business alliance to cooperate on selling of investment products, since July 1 . Says Gunma Bank and Bank of Kyoto Ltd will respectively buy 15 percent stake in Sky Ocean Asset Management Co., Ltd., which is owned by Concordia Financial Group and Sumitomo Mitsui Trust Holdings .Says Concordia Financial Group and Sumitomo Mitsui Trust Holdings will decrease stake in Sky Ocean Asset Management Co., Ltd. to 40 percent and 30 percent respectively, effective July 14.  Full Article

Sumitomo Mitsui Trust Holdings Inc - Citigroup Inc reaches $23 mln 'ice breaker' yen Libor settlement - Reuters
Tuesday, 2 Feb 2016 10:48am EST 

Sumitomo Mitsui Trust Holdings Inc:Citigroup will pay $23 mln to end private U.S. antitrust litigation claiming that it conspired to manipulate the yen Libor and Euroyen Tibor benchmark interest rates - RTRS.Lawyers for the plaintiff investors called the accord an "ice breaker" that could spur some of the roughly 20 other bank defendants to settle. Settlement papers were filed on Monday night in the U.S. District Court in Manhattan. Court approval is required - RTRS.RP Martin, a brokerage whose main assets are now part of BGC Partners Inc, also settled, without making a payment. Citigroup & RP Martin agreed to cooperate in the litigation - RTRS.Danielle Romero-Apsilos, a Citigroup spokeswoman, said the New York-based bank is pleased to settle - RTRS.Among the other defendants are several Japanese banks, including Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings, as well as Barclays Plc, Deutsche Bank AG , HSBC Holdings, JPMorgan Chase & UBS AG - RTRS.Former Citigroup trader Tom Hayes is serving 11 years in prison after being found guilty in London last August of conspiring to rig Libor - RTRS.Nonetheless, the bank's "limited involvement" in the overall scheme may have spurred its settlement, the plaintiffs' lawyer Vincent Briganti said in an interview. - RTRS."An early settlement with Citigroup made sense." In court papers, Briganti called the accord an "ice breaker" that "serves as a potential catalyst for other defendants to settle." - RTRS.  Full Article

R&I affirms Sumitomo Mitsui Trust Holdings's rating at "A" and announces stable outlook
Tuesday, 15 Dec 2015 01:00am EST 

Sumitomo Mitsui Trust Holdings Inc:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.  Full Article

Sumitomo Mitsui Trust Holdings subsidiary completes full acquisition of Tokyo-based company
Monday, 14 Dec 2015 01:30am EST 

Sumitomo Mitsui Trust Holdings Inc:Wholly owned Tokyo-based subsidiary Sumitomo Mitsui Trust Bank, Limited completed full acquisition of a Tokyo-based company that has been engaged in credit card, money lending, insurance agency business on Dec. 14.Plan was disclosed on March 31.  Full Article

Sumitomo Mitsui Trust Holdings updates issuing unsecured perpetual subordinated bonds
Tuesday, 1 Sep 2015 11:00pm EDT 

Sumitomo Mitsui Trust Holdings Inc:To issue unsecured perpetual subordinated bond worth 70 bln yen, with each with face value of 100 mln yen, issue price at 100 yen per face value of 100 yen, and coupon rate 2.49 pct per annum (Sep. 8, 2015~ Dec. 5, 2020), six-month TIBOR (Tokyo Inter Bank Offered Rate)+ 2.25 pct (after Dec. 5, 2020).To issue unsecured perpetual subordinated bond worth 50 bln yen, with each with face value of 100 mln yen, issue price at 100 yen per face value of 100 yen, and coupon rate 2.87 pct per annum (Sep. 8, 2015~ Dec. 5, 2025), six-month TIBOR (Tokyo Inter Bank Offered Rate)+ 2.30 pct (after Dec. 5, 2025).Says subscription date on Sep. 2 and payment date on Sep. 8.  Full Article

Sumitomo Mitsui Trust Holdings to issue unsecured perpetual subordinated bonds
Thursday, 30 Jul 2015 03:00am EDT 

Sumitomo Mitsui Trust Holdings Inc:To issue unsecured perpetual subordinated bonds.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.  Full Article

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BRIEF-Sumitomo Mitsui Trust Holdings Inc reports a 5.4 pct passive stake in Orix Corp

* Sumitomo mitsui trust holdings inc reports a 5.4 percent passive stake in orix corp as of dec 31, 2016 - sec filing Source text for Eikon: (http://bit.ly/2kaBYW4) Further company coverage: