Simpson Thacher’s Tokyo office recently represented the initial purchasers, led by Goldman Sachs International, Citigroup Global Markets Inc., Barclays Bank PLC and Deutsche Bank Securities Inc. in an offering of $400 million 1.90% Senior Bonds due 2014, $1.1 billion 2.90% Senior Bonds due 2016 and $500 million Senior Floating Rate Bonds due 2014 of Sumitomo Mitsui Banking Corporation (“SMBC”). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Stock Exchange.
SMBC, the major operating subsidiary of Sumitomo Mitsui Financial Group, is one of the world’s largest commercial banks, with ¥115 trillion in non-consolidated total assets as of March 31, 2011.
The Simpson Thacher team that worked on the transaction included Alan Cannon, David Snowden and Kate Renaud in Tokyo and Andrew Pagliughi (Blue Sky) and Robert Holo and Adam Wells (Tax) in New York.
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