Notice Regarding Determination of Issuance Condition for Publicly Offered Hybrid カジノシークレット やばい (Subordinated カジノシークレット やばい)

Dec. 6, 2019

Sumitomo Chemical hereby announces that today it has determined the issuance terms and conditions of the publicly offered hybrid カジノシークレット やばい (subordinated bond) (the “Hybrid カジノシークレット やばい”) in amounts of up to JPY250 billion, the issuance of which was announced on October 30, 2019. The details are as follows.

	Sumitomo Chemical Co., Ltd. 1stUnsecured subordinated カジノシークレット やばい with interest payment deferrable clause and optional early redemption conditions	Sumitomo Chemical Co., Ltd. 2ndUnsecured subordinated カジノシークレット やばい with interest payment deferrable clause and optional early redemption conditions
1. Issue amount	JPY 150 billion	JPY 100 billion
2. Initial interest rate	1.30% per annum (Note 1)	0.84% per annum (Note 2)
3. Issue date	December 13, 2019
4. Maturity date	December 13, 2079
5. Early redemption (Note 3)	Sumitomo Chemical may redeem the Hybrid カジノシークレット やばい at its discretion on each interest payment date from and including December 13, 2029, or in case a Tax Event or an Equity Credit Change Event occurs.	Sumitomo Chemical may redeem the Hybrid カジノシークレット やばい at its discretion on each interest payment date from and including December 13, 2024, or in case a Tax Event or an Equity Credit Change Event occurs.
6. Interest payment dates	June 13 and December 13 カジノシークレット やばい each year
7. Deferral カジノシークレット やばい interest payments	Sumitomo Chemical may, at its discretion, defer all or part of the interest payments on the Hybrid カジノシークレット やばい.
8. Subカジノシークレット やばいdination	The Hybrid カジノシークレット やばい are ranked subordinated to Sumitomo Chemical’s general debt and senior to the common stock.
9. Rating	BBB+ (Rating and Investment Infカジノシークレット やばいmation, Inc.) A- (Japan Credit Rating Agency, Ltd.)
10. Equity credit	“Class 3 - Equity Credit 50” (Rating and Investment Infカジノシークレット やばいmation, Inc.) “Medium, 50%” (Japan Credit Rating Agency, Ltd.)
11. Underwriters	・SMBC Nikko Securities Inc. ・Mizuho Securities Co., Ltd. ・Mitsubishi UFJ Mカジノシークレット やばいgan Stanley Securities Co., Ltd. ・Nomura Securities Co., Ltd.	・Mizuho Securities Co., Ltd. ・SMBC Nikko Securities Inc. ・Mitsubishi UFJ Mカジノシークレット やばいgan Stanley Securities Co., Ltd. ・Nomura Securities Co., Ltd.
12. Fiscal agent	Sumitomo Mitsui Banking Cカジノシークレット やばいpカジノシークレット やばいation	Sumitomo Mitsui Trust Bank, Ltd.

(Note 1) The fixed interest rate will be applied from the day after December 13, 2019, to December 13, 2029, and a variable interest rate from the day after December 13, 2029 (“Step-up interest rates” will be applied from the day after December 13, 2029, and the day after December 13, 2049).

(Note 2) The fixed interest rate will be applied from the day after December 13, 2019, to December 13, 2024, and a variable interest rate from the day after December 13, 2024 (“Step-up interest rates” will be applied from the day after December 13, 2029, and the day after December 13, 2044).

(Note 3) If Sumitomo Chemical acquires the Hybrid カジノシークレット やばい before their maturity date by redemption or purchase (the “Early Redemption”), it expects to raise funds within a 12-month period prior to the Early Redemption by issuing common stock, or by issuing other securities or liabilities (the “Replacement Securities”) approved by the Rating Agencies as having equity attributes equal to or greater than the Hybrid カジノシークレット やばい. In the case of an Early Redemption on or after the first call date of the Hybrid カジノシークレット やばい, however, Sumitomo Chemical may decide not to raise funds through issuance of the Replacement Securities if certain financial conditions are met.

Note

This notice has been prepared for the sole purpose of publicly announcing Sumitomo Chemical’s issuance of hybrid カジノシークレット やばい (subordinated カジノシークレット やばい), not for the purpose of soliciting investments or performing any similar act.

Contact

Cカジノシークレット やばいpカジノシークレット やばいate Communications Dept.
27-1, Shinkawa 2-chome, Chuo-ku, Tokyo, 104-8260, Japan
TEL: +81-3-5543-5102 FAX: +81-3-5543-5901