Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. of A$1 billion aggregate principal amount of its senior notes in two tranches (floating rate and fixed rate) due 2022. SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.

Citigroup Global Markets Limited, SMBC Nikko Capital Markets Limited, Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia and nabSecurities, LLC acted as the representatives of the underwriters.

SMFG is one of Japan’s largest banking groups and the parent company of Sumitomo Mitsui Banking Corporation.

The Simpson Thacher team for the offering included Alan Cannon, David Snowden and Daniel Hulme (Capital Markets); Robert Holo and John Torrenti (Tax); and Jennie Getsin (Blue Sky).