22 03 2016

Sumitomo Mitsui Financial Group $4 Billion Senior Notes Registered Offering

Simpson Thacher has represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. of $4 billion aggregate principal amount of its senior notes in three tranches due 2021 (floating rate), 2021 and 2026 (fixed rate).


SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan. Goldman, Sachs & Co., SMBC Nikko Securities America, Inc., Citigroup Global Markets Inc., Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities 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 (Picture), David Snowden and Daniel Hulme (Capital Markets); Rob Holo and Michael Badain (Tax); and Jennie Getsin (Blue Sky). Involved fees earner: Alan Cannon - Simpson Thacher & Bartlett; David Snowden - Simpson Thacher & Bartlett; Daniel Hulme - Simpson Thacher & Bartlett; Robert Holo - Simpson Thacher & Bartlett; Michael Badain - Simpson Thacher & Bartlett; Jennie Getsin - Simpson Thacher & Bartlett;

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