Sumitomo Mitsui Trust Bank’s $1 Billion Senior Notes Offering


Davis Polk advised Sumitomo Mitsui Trust Bank, Limited on a Rule 144A/Regulation S offering of senior notes, which consisted of $500 million aggregate principal amount of senior floating-rate notes due 2019 and $500 million aggregate principal amount of 2.05% senior notes due 2019.

The notes are listed on the Singapore Exchange Securities Trading Limited.

Sumitomo Mitsui Trust Bank is one of the largest Japanese trust banks in terms of total trust account assets.

The Davis Polk corporate team included partner Jon Gray (Picture), counsel Christopher J. Kodama, associate Benjamin Potter and senior transaction manager Chihiro Sasaki. Partner John D. Paton and associate Nicholas A. Machen provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

Involved fees earner: Jon Gray – Davis Polk & Wardwell; Christopher Kodama – Davis Polk & Wardwell; Benjamin Potter – Davis Polk & Wardwell; Chihiro Sasaki – Davis Polk & Wardwell; John Paton – Davis Polk & Wardwell; Nicholas Machen – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Sumitomo Mitsui Trust Bank;

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Author: Michael Patrini