Simpson Thacher Represents Underwriters in $5.8 Billion Senior Notes Registered Offering by Sumitomo Mitsui Financial Group
03.15.23
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Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $5.8 billion aggregate principal amount of five tranches of Senior Notes, consisting of one tranche of SOFR-linked floating rate notes due 2026, one tranche of fixed rate senior notes due 2026, one tranche of fixed rate senior notes due 2028, one tranche of fixed rate senior notes due 2030 and one tranche of fixed rate senior notes due 2033. The issuance of Senior Notes will help SMFG to comply with Japan’s TLAC requirements.
SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Jefferies 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 Keisuke Takacho (Capital Markets); Jon Cantor (Tax); and Jennie Getsin (Blue Sky).