We advised SMTB 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 $500 million aggregate principal amount of 4.50% senior notes due 2028, $500 million aggregate principal amount of 4.70% senior notes due 2030, $1 billion aggregate principal amount of floating-rate senior notes due 2030 and $500 million aggregate principal amount of 5.05% senior notes due 2035. The notes are listed on the Singapore Exchange Securities Trading Limited.

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 Ayano Kitano and Andrew Masaru Orita. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Associate Caleb Beavers provided 1940 Act advice. Members of the Davis Polk team are based in the Tokyo and London offices.

Copy link to share post