Sumitomo Mitsui Banking Corporation’s $2 Billion Notes Offering

Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $1.25 billion aggregate principal amount of 2.514% senior notes due 2020 and $750 million aggregate principal amount of senior floating-rate notes due 2020, each guaranteed by SMBC’s New York branch.

Sumitomo Mitsui Banking Corporation, together with its subsidiaries, provides a range of financial services. The Firm, led by Makoto Takashima, Takeshi Kunibe, Takahiro Yazawa, Atsuhiko Inoue and Kozo Ogino, is based in Tokyo.

The Davis Polk team included partner Jon Gray (Picture), counsel Christopher J. Kodama and associate Benjamin Potter. 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; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Sumitomo Mitsui Banking Corporation;



Author: Michael Patrini