The Norinchukin Bank Completes an Aggregate of $1 Billion Senior Notes Offering
Simpson Thacher recently represented The Norinchukin Bank in connection with a Rule 144A/Regulation S offering of US$500 million principal amount of 4.674% Senior Notes due 2030 and US$500 million principal amount of 5.359% Senior Notes due 2035. The Bank intends to use the net proceeds from the sale of the notes for general corporate purposes.
First established in 1923, the Bank is a national-level financial institution created to support Japan’s agriculture, fishery and forestry cooperatives. The mission of the Bank is to contribute to the development of the agriculture, fishery and forestry industries and to national economic prosperity by facilitating access to financial resources.
J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as representatives of the initial purchasers.
The Simpson Thacher team included David Snowden, Xochitl Romo and Anni Cai (Capital Markets); Jon Cantor and Benjamin Bressler (Tax); and Jeanne Annarumma (ERISA).