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The Firm represented J.P. Morgan, as sole initial purchaser, in a US$175 million debt offering for First Citizens Bank Limited of Trinidad and Tobago. First Citizens (St. Lucia) Limited, a St. Lucia finance subsidiary, issued 4.903% Notes due 2016, which were guaranteed by First Citizens Bank Limited. The offering was conducted in reliance upon Rule 144A and Regulation S.

First Citizens Bank Limited is using the net proceeds from the offering to repay outstanding debt securities that had been issued and sold by it in 2004 and for general corporate purposes, including its lending operations.

First Citizens Bank Limited is a leading bank and financial services group in Trinidad and Tobago and the Caribbean region generally. The Bank is indirectly wholly-owned by the Government of Trinidad and Tobago.

The Simpson Thacher team for the transaction included, among others, Glenn M. Reiter, Kirsten L. Davis and Ceara Donnelley (Capital Markets), as well as Jonathan Cantor and Seojung Park (Tax).