Simpson Thacher recently represented the international managers in a ¥843 billion offering of shares of Japan Post Holdings Co., Ltd. by the selling shareholder, the Minister of Finance of Japan, acting as representative of the Government of Japan. The global offering included an international offering to institutional investors outside Japan in reliance on Rule 144A and Regulation S.
Japan Post Holdings is principally engaged in offering mail and parcel, banking and life insurance services through its principal operating subsidiaries, Japan Post Co., Japan Post Bank and Japan Post Insurance.
Goldman Sachs, J.P. Morgan, Daiwa, Mizuho and BofA Securities acted as the joint lead managers for the international offering.
The Simpson Thacher team included Alan Cannon, David Snowden and Xochitl Romo (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (Blue Sky).