Simpson Thacher recently represented SMBC Bank International plc and SMBC Nikko Securities America, Inc. as dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) establishment of its US$50,000,000,000 Global Medium-Term Notes Program (the “Program”). Under the Program, SMBC can issue notes in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as well as notes guaranteed by SMBC’s New York branch in reliance on the exemption from SEC registration provided by Section 3(a)(2) of the Securities Act.
Sumitomo Mitsui Banking Corporation is the principal banking subsidiary of Sumitomo Mitsui Financial Group and one of Japan’s largest banking corporations.
The Simpson Thacher team for the establishment of the Program included David Snowden, Xochitl Romo and Yoshimi Koshiishi (Capital Markets - Tokyo); Jon Cantor (Tax - New York); Jennie Getsin (Blue Sky - New York); Christopher Torikoglu (ERISA - Washington, D.C.); and Deborah Harris (Capital Markets - London).