Simpson Thacher recently represented SMBC Nikko Securities America, Inc., as sole bookrunner, in connection with Sumitomo Mitsui Banking Corporation’s (“SMBC”) reopening of its senior floating rate notes due 2020 originally issued in January 2018 under SMBC’s US$50 billion Global Medium Term Notes Program. The offering of $750 million of senior floating rate 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 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 and David Snowden (Capital Markets); Jon Cantor and Morgan Otway (Tax); and Jennie Getsin (Blue Sky).