Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with its $500 million offering of 2.45% senior notes due 2020 in reliance on the Section 3(a)(2) exemption of the Securities Act. This is the debut offering of U.S. dollar-denominated “green bonds” by a Japanese issuer, with the proceeds expected to be used to finance projects that promote renewable energy, energy efficiency and resource productivity.

Sumitomo Mitsui Banking Corporation is one of the largest banks in the world by assets.

The Davis Polk corporate team included partner Eugene C. Gregor, counsel Christopher J. Kodama and associates Yuko Masunaga and Benjamin Potter. Partner John D. Paton, counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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