Simpson Thacher recently represented the initial purchasers in connection with the offering of US$2 billion of senior bonds in tranches due 2016, 2018 and 2023 by Japan’s Sumitomo Mitsui Banking Corporation, guaranteed by the bank’s New York branch. The senior bonds were offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. Goldman Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and SMBC Nikko Capital Markets Limited were the joint lead managers for the offering.
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 offering included Alan Cannon and David Snowden (Capital Markets) and Rob Holo and Adam Wells (Tax).
