Sumitomo Mitsui Banking Corporation’s $1 Billion Notes Offering


Davis Polk advised Sumitomo Mitsui Banking Corporation (SMBC) in connection with a global medium-term note program update and a benchmark takedown, which consisted of $500 million aggregate principal amount of 1.762% senior notes due 2018 and $500 million aggregate principal amount of senior floating-rate notes due 2018, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

The Davis Polk corporate team included partner Jon Gray (Picture), counsel Christopher Kodama and associate Benjamin Potter. Partner John D. Paton, counsel Alon Gurfinkel and associate Omer Harel provided tax advice.

Involved fees earner: Jon Gray – Davis Polk & Wardwell; Christopher Kodama – Davis Polk & Wardwell; Benjamin Potter – Davis Polk & Wardwell; John Paton – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Sumitomo Mitsui Banking Corporation;