Simpson Thacher Represents Managers in $4 Billion Senior Bond Offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd.
03.27.14
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Simpson Thacher recently represented the managers, led by Morgan Stanley & Co. LLC, Mitsubishi UFJ Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, in an offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) of $4 billion aggregate principal amount of its senior notes in five tranches due 2017 (floating rate), 2017, 2019, 2024 and 2044 (fixed rate). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Stock Exchange.
BTMU, the major operating subsidiary of Mitsubishi UFJ Financial Group, Inc., is one of the world’s largest commercial banks, with ¥192.1 trillion in consolidated total assets as of September 30, 2013.
The Simpson Thacher team that worked on the transaction included Alan Cannon, David Snowden and Jonathan Stradling (Capital Markets) and Jodi Sackel (Tax).