Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of A$750 million aggregate principal amount of its senior notes in two tranches due 2023 (floating rate and fixed rate). SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.

Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc., Australia and New Zealand Banking Group Limited, nabSecurities LLC and UBS AG, Australia Branch 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); Jonathan Cantor (Tax); and Andrew Pagliughi (Blue Sky).