Davis Polk Advises Sumitomo Mitsui Trust Bank on Its $2 Billion Senior Notes Offering

Davis Polk advised Sumitomo Mitsui Trust Bank, Limited on a Rule 144A/Regulation S offering of senior notes, which consisted of $1.5 billion aggregate principal amount of 0.80% senior notes due 2023 and $500 million aggregate principal amount of 1.05% senior notes due 2025. The notes are listed on the Singapore Exchange Securities Trading Limited.

Sumitomo Mitsui Trust Bank is one of the largest Japanese trust banks in terms of total trust account assets.

The Davis Polk corporate team included partner Jon Gray, counsel Christopher Kodama and associates Alexander Coley and Paul Lee. Counsel Alon Gurfinkel and associates Omer Harel and Summer Xia provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.