Simpson Thacher Represents Resona Holdings, Inc. in Approximately $6.6 Billion Global Offering of Common Stock
02.09.11
This is only gets display when printing
The Tokyo office of Simpson Thacher recently represented Resona Holdings, Inc. in a global offering of common stock that raised ¥547.7 billion (approximately $6.6 billion) for the issuer. The international portion of the transaction included an offering to qualified institutional buyers in the United States pursuant to Rule 144A and an offering outside the United States in reliance on Regulation S.
The Resona Group is Japan’s fourth-largest banking group by asset size and is focused on providing retail banking services through its three principal banking subsidiaries. Resona intends to use the proceeds of the offering to repurchase certain of its convertible preferred stock held by the Deposit Insurance Corporation of Japan.
The Simpson Thacher team that worked on the transaction included Alan Cannon, David Snowden and Tadashi Okamoto in Tokyo and SeoJung Park and Christian Miller (Tax) in New York.