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Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated and Nuveen Investments, LLC, in connection with the initial public offering of Nuveen Build America Bond Opportunity Fund (the "Fund"). The offering raised approximately $157 million, assuming full exercise of the underwriters’ option to purchase additional shares.

The Fund is a newly organized, diversified closed-end management investment company which trades on the New York Stock Exchange under the symbol "NBD". The Fund’s primary investment objective is to provide current income through investments in taxable municipal securities, mainly securities known as "Build America Bonds".  Nuveen Asset Management is the Fund’s investment adviser.

The Simpson Thacher team for the transaction included: Sarah Cogan, Gabrielle Kelleher and A. Reid Monroe-Sheridan (Capital Markets); Marcy Geller and Christian Miller (Tax); and Jennie Getsin (Blue Sky and FINRA).