Simpson Thacher Represents Underwriters in $1.3 Billion Senior Notes Registered Offering by Sumitomo Mitsui Financial Group
03.15.23
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Simpson Thacher recently represented SMBC Nikko Securities America, Inc. as sole underwriter in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $1.3 billion aggregate principal amount of four tranches of Senior Notes, consisting of 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 Senior Notes are a further issuance of senior notes issued by SMFG in January 2023. The issuance of Senior Notes will help SMFG to comply with Japan’s TLAC requirements.
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).