During the first quarter of 2006, Simpson Thacher's Tokyo office participated in raising over $8 billion in capital on behalf of some of Japan's leading financial institutions. Transactions closed during the quarter included:
Acting as issuer's counsel to Shinsei Bank in its issuance of:
* $700 million non-cumulative perpetual preferred securities of Shinsei Finance II
* $775 million step-up non-cumulative perpetual preferred securities of Shinsei Finance
* €1 billion step-up callable subordinated notes due 2016
Acting as issuer's counsel to Mizuho Financial Group in its issuance of:
* $600,000,000 non-cumulative perpetual preferred securities of Mizuho Capital Investment (USD) 1 Limited
* €500,000,000 non-cumulative perpetual preferred securities of Mizuho Capital Investment (EUR) 1 Limited
Acting as underwriters' counsel to Merrill Lynch, JPMorgan, Deutsche Bank, Mitsubishi UFJ Securities and Nomura Securities in connection with Mitsubishi UFJ Financial Group's issuance of:
* $2,300,000,000 fixed/floating rate non-cumulative preferred securities of MUFG Capital Finance 1
* €750,000,000 fixed/floating rate non-cumulative preferred securities of MUFG Capital Finance 2
* ¥120,000,000,000 fixed/floating rate non-cumulative preferred securities of MUFG Capital Finance 3
These offerings involved the entire Tokyo office, as well as Mark Lab (Blue Sky), Jeanne Annarumma (Erisa), Marcy Geller, Hallie Grainer and Helena Wolin (Tax) in New York.