We advised Sumitomo Mitsui Trust Bank on the update of its global MTN program and senior notes offering

Davis Polk advised Sumitomo Mitsui Trust Bank, Limited (SMTB) in connection with the update of its global medium-term note program and a drawdown of senior notes under Rule 144A / Regulation S, which consisted of $1 billion aggregate principal amount of 5.20% senior notes due 2027, $750 million aggregate principal amount of 5.20% senior notes due 2029 and $500 million aggregate principal amount of 5.35% senior notes due 2034.

SMTB is one of the largest Japanese trust banks in terms of total trust account assets.

The Davis Polk corporate team included partner Christopher Kodama and associates Paul Lee and Ayano Kitano. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Counsel Leon E. Salkin and associate Marc Schwab provided 1940 Act advice. Members of the Davis Polk team are based in the Tokyo, New York and London offices.

Copy link to share post