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 5.334% subordinated callable fixed-to-fixed rate notes due 2041. The notes are intended to qualify as Tier 2 Capital of SMFG in accordance with the Applicable Banking Regulations and external TLAC instruments under the Japanese TLAC Standards.
SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. 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 David Snowden, Xochitl Romo and Yoshimi Koshiishi (Capital Markets); Jon Cantor and Benjamin Bressler (Tax); and Jennie Getsin (Blue Sky).