Simpson Thacher Represents International Managers in US$8.4 Billion Equity Offering of Japan Post Bank
03.24.23
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Simpson Thacher recently represented the international managers, led by Goldman Sachs International, Morgan Stanley & Co. International plc, Daiwa Capital Markets Europe Limited and Nomura International plc, in a ¥1.1 trillion (approximately US$8.4 billion) offering of shares of Japan Post Bank Co., Ltd. (“JP Bank”) by its principal shareholder, Japan Post Holdings Co., Ltd. The global offering included an international offering to institutional investors outside Japan in reliance on Rule 144A and Regulation S.
JP Bank is one of the largest financial institutions in Japan and offers financial services primarily for retail customers in Japan, including through the large network of post offices operated by Japan Post Co., Ltd.
The Simpson Thacher team included Alan Cannon, David Snowden and Keisuke Takacho (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (Blue Sky).