Simpson Thacher’s Tokyo office recently represented the initial purchasers, led by Barclays Bank PLC, UBS Limited, Citigroup Global Markets Limited and Goldman Sachs International in an offering of $1.5 billion 4.85% Subordinated Bonds due 2022 of Sumitomo Mitsui Banking Corporation (“SMBC”).  The offering was conducted pursuant to 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 ¥128 trillion in consolidated total assets as of September 30, 2011.

The Simpson Thacher team that worked on the transaction included Alan Cannon and David Snowden in Tokyo.

Lawyers:

• Alan G. Cannon

• David C. Snowden

Related Practice Areas:

• Corporate

• Capital Markets and Securities

• Asia