Update of Sumitomo Mitsui Banking Corporation’s $50 Billion Medium Term Notes Program and Senior Notes Offering Thereunder

Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior fixed rate notes and US$750 million of senior floating rate notes thereunder.

The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. SMBC Nikko Capital Markets Limited, Barclays Bank PLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Merrill Lynch International, Nomura Securities International, Inc. and SMBC Nikko Securities America, Inc. are dealers included under the program. SMBC Nikko Securities America, Inc., Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as the representatives of the dealers for the offering of the senior notes.

SMBC 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 (Picture), David Snowden and Daniel Hulme (Capital Markets); Nancy Mehlman and Morgan Otway (Tax); Mark Chorazak (Bank Regulatory); and Jennie Getsin (Blue Sky).

 

Involved fees earner: Alan Cannon – Simpson Thacher & Bartlett; David Snowden – Simpson Thacher & Bartlett; Daniel Hulme – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Mark Chorazak – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Barclays Bank; Barclays Capital; Citigroup Global Markets Ltd; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Nomura; JP Morgan Securities; Smbc Nikko Capital Markets Limited; Merrill Lynch International;