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Simpson Thacher Represents Sumitomo Mitsui Trust Bank in its US$650 Million Guaranteed Senior Notes Offering

05.29.13

 

The Firm recently represented Sumitomo Mitsui Trust Bank, Limited (the “Bank”) and Sumitomo Mitsui Trust Holdings, Inc., its parent company (the “Parent”), in connection with a Rule 144A and Regulation S offering by the Bank of US$650 million aggregate principal amount of 1.80% Senior Notes due 2018, guaranteed by the Parent.  J.P. Morgan, Goldman Sachs International and Citigroup were the joint lead managers for the offering.

 

The Sumitomo Mitsui Trust Group is Japan’s largest trust banking group in terms of total trust account assets, with ¥180.2 trillion as of March 31, 2013.

 

The Simpson Thacher team for the offering included Alan Cannon and A. Reid Monroe-Sheridan (Capital Markets); Jonathan Cantor and Chang Won Choi (Tax); Stacie McGinn (Bank Regulatory); and Brian Robbins and Jeanne Annarumma (Executive Compensation and Employee Benefits).