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Sumitomo Mitsui Trust Holdings Inc (8309.T)

8309.T on Tokyo Stock Exchange

4,230JPY
5 Dec 2016
Change (% chg)

¥-125 (-2.87%)
Prev Close
¥4,355
Open
¥4,269
Day's High
¥4,279
Day's Low
¥4,192
Volume
2,310,000
Avg. Vol
2,358,380
52-wk High
¥4,759
52-wk Low
¥2,815

Latest Key Developments (Source: Significant Developments)

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

Nomura Holdings announces business alliance with Japan Post Bank, Japan Post and Sumitomo Mitsui Trust's subsidiary and joint venture establishment
Wednesday, 22 Jul 2015 02:30am EDT 

Nomura Holdings Inc:Forms a business alliance with Japan Post Bank Co., Ltd., Japan Post Co., Ltd. and Sumitomo Mitsui Trust Bank, Limited which is the wholly owned subsidiary of Sumitomo Mitsui Trust Holdings, on July 22.Says the four companies to establish a joint venture located in Tokyo, in between August and September.The joint venture will be engaged in financial instruments business (investment management business).Says Nomura Holdings will hold a 20 pct stake, Japan Post Bank will hold a 45 pct stake, Japan Post will hold a 5 pct stake, and Sumitomo Mitsui Trust Bank will hold a 30 pct stake in the new joint venture.  Full Article

Sumitomo Mitsui Trust Holdings subsidiary to fully acquire Tokyo-based company
Tuesday, 31 Mar 2015 04:45am EDT 

Sumitomo Mitsui Trust Holdings Inc:Wholly owned Tokyo-based subsidiary Sumitomo Mitsui Trust Bank, Limited to acquire entire shares of a Tokyo-based company that has been engaged in credit card, money lending, insurance agency business, from U.S-based company Citibank Overseas Investment Corporation.Planned effective in late 2015.  Full Article