SMBC bonds offer | US$2bn | ||
Synopsis Japan’s second largest bank issues two sets of senior bond offers expiring 2013 and 2015 on the Singapore Exchange. | |||
Firm | Client | Role | |
Simpson Thacher [Lead partner:Alan Cannon] | Underwriters* | International counsel | |
Nagashima Ohno & Tsunematsu [Lead partner; Fumihide Sugimoto] | SMBC | Japanese counsel | |
Davis Polk [Lead partner: Theodore Paradise] | SMBC | US counsel | |
*Goldman Sachs international, Citigroup Global Markets, Barclays Bank
Japanese firm Nagashima Ohno & Tsunematsu, international firm Davis Polk and the Tokyo office of Simpson Thacher & Bartlett have all landed mandates on the US$2bn Singapore offering of senior bonds by Japan's second largest bank, Sumitomo Mitsui Banking Corporation (SMBC).
SMB, the major operating subsidiary of public financial holding company Sumitomo Mitsui Financial Group (SMFG), is one of the world's largest commercial banks – holding around US$1.3trn in non-consolidated total assets.
Simpson Thacher Tokyo has acted as underwriters' counsel in numerous SMBC and SMFG- related transactions out of Japan in recent years.ALB
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