Davis Polk & Wardwell and Simpson, Thacher & Bartlett have advised Sumitomo Mitsui Banking Corp (SMBC) on its $3 billion debt offering.
Sumitomo, a leading Japanese banking corporation, issued the senior bonds in three tranches, which are due 2015, 2017 and 2022, and are guaranteed by the group’s New York branch.
Acting for the initial purchasers was a global Simpson Thacher team led by Alan Cannon and Taki Saito from Tokyo, alongside New York-based bank regulatory partner Stacie McGinn and tax partner Rob Holo. Davis Polk & Wardwell, meanwhile, represented the issuer.
Goldman Sachs, Citigroup Global Markets, Barclays, Merrill Lynch, Pierce, Fenner & Smith, and SMBC Nikko Capital Markets were the joint lead managers on the deal.
The transaction is the latest in a string of deals spearheaded by Simpson Thacher’s team in Tokyo. Announced earlier this week, the firm was involved in Nippon Telegraph and Telephone Corp’s $750 million debt offering, in addition to Takeda Pharmaceuticals’ bond issuance worth $3 billion.
Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.
Other related stories:
