Simpson Thacher Represents Underwriters in $1.25 Billion Perpetual Subordinated Notes Offering by Sumitomo Mitsui Financial Group
03.05.25
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Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $1.25 billion aggregate principal amount of 6.450% Perpetual Subordinated Notes. The Perpetual Subordinated Notes are intended to qualify as Additional Tier 1 Capital of SMFG and will help SMFG comply with Japan’s total loss-absorbing capacity requirements.
SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, BofA Securities, Inc. and Citigroup Global Markets Inc. 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 David Snowden and Xochitl Romo (Capital Markets); Jonathan Cantor and Benjamin Bressler (Tax); and Jennie Getsin (Blue Sky).