Simpson Thacher Represents Underwriters in $3 Billion Senior Notes Registered Offering by Sumitomo Mitsui Financial Group
07.09.20
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Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $3 billion aggregate principal amount of its Senior Notes in two tranches of fixed rate notes due 2025 and 2030. The issuance of Senior Notes will help SMFG to comply with Japan’s total loss-absorbing capacity (TLAC) requirements.
SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as the representatives of the underwriters.
SMFG is one of Japan’s largest banking groups and the parent company of Sumitomo Mitsui Banking Corporation.
The Simpson Thacher team for the offering included Alan Cannon, David Snowden and Yu Mizutani (Capital Markets); Jon Cantor (Tax); and Jennie Getsin (Blue Sky).