Sumitomo Mitsui Banking Corp. plans to issue ¥63.7 billion of residential mortgage-backed securities, Moody's SF Japan K.K. said May 30.

The bank will issue the securities in five tranches.

The offering is made up of ¥23.5 billion of Class A1 senior trust certificates and Class Tokkin ABL, ¥17.2 billion of Class A2 senior trust certificates, as well as ¥23.0 billion of Class Alpha senior trust certificates and Class Alpha Tokkin ABL.

The residential mortgage-backed securities will mature February 2056. The closing date of the issuance is June 25.

SMBC Nikko Securities is the underwriter for the issuance.

Sumitomo Mitsui Banking is a unit of Sumitomo Mitsui Financial Group Inc.

As of May 29, US$1 was equivalent to ¥109.34.