Simpson Thacher Represents the Dealers in $500 Million Green Bond Offering by Sumitomo Mitsui Banking Corporation
11.04.15
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Simpson Thacher recently represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and SMBC Nikko Securities America, Inc., as dealers, in an offering by Sumitomo Mitsui Banking Corporation of $500 million principal amount of fixed rate senior notes due 2020 under SMBC’s US$50 Billion Global Medium Term Notes Program. SMBC expects to use the net proceeds from the sale of the senior notes to finance projects that promote renewable energy, energy efficiency and resource productivity. The senior notes are guaranteed by SMBC’s New York branch and were offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. The senior notes are listed on the Singapore Exchange.
SMBC is the principal banking subsidiary of Sumitomo Mitsui Financial Group and one of Japan’s largest banking corporations.
The Simpson Thacher team for the offering included Alan Cannon, David Snowden and Hiro Senda (Capital Markets); Mark Chorazak (Bank Regulatory); and Jennie Getsin (Blue Sky).