In brief: Sumitomo Mitsui Banking Corporation (SMBC) could launch the first Japanese covered bond in US dollars and its second in euros soon, after having today (Tuesday) announced a roadshow starting next Monday.

The Japanese bank sold the first covered bond from Japan in October 2018, a EUR1bn five year contractual deal, and is now planning to launch Reg S intermediate to long euro and/or short to intermediate maturity US dollar benchmarks after the roadshow.

Goldman Sachs, SMBC Nikko, Barclays, BNP Paribas, Crédit Agricole and UBS are joint bookrunners.