Davis Polk Advises Sumitomo Mitsui Banking Corporation on Its $1.25 Billion Notes Offering
Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 1.966% senior notes due 2019 and $500 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by SMBC’s New York branch.
SMBC is one of world’s largest commercial banks by assets.