Simpson Thacher Represents Initial Purchasers in $1.75 Billion Subordinated Bonds Offering by Sumitomo Mitsui Financial Group, Inc.
04.09.14
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Simpson Thacher recently represented the initial purchasers, led by Goldman, Sachs & Co., Barclays Bank PLC, SMBC Nikko Securities America, Inc. and Citigroup Global Markets Inc., in an offering by Sumitomo Mitsui Financial Group, Inc. of $1.75 billion aggregate principal amount of its subordinated bonds due 2024. The offering was conducted pursuant to Rule 144A and Regulation S under the Securities Act. The subordinated bonds are Basel III Tier 2 compliant and are listed on the Singapore Stock Exchange.
Sumitomo Mitsui Financial Group, Inc. is one of Japan's largest banking groups.
The Simpson Thacher team for the offering included Alan Cannon, David Snowden and Nirav Mehta (Capital Markets), and Vanessa Grieve (Tax) and Andrew Pagliughi (Blue Sky).