Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with its reopening of its January 2018 senior debt takedown offering issued under its global medium-term notes program. The reopening consisted of $750 million aggregate principal amount of senior floating-rate notes due 2020 guaranteed by SMBC’s New York branch.
SMBC is one of world’s largest commercial banks by assets.
The Davis Polk team included partner Jon Gray, counsel Christopher J. Kodama and associates Benjamin Potter and Alexander Coley. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.