The Tokyo office of the Firm recently represented the initial purchasers, led by Nomura Securities International, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC in an offering of $1,400,000,000 5.325% Step-up Callable Subordinated Notes due 2073 by Sompo Japan Insurance Inc. The notes were sold to international investors outside of Japan in reliance on Rule 144A and Regulation S. The notes are listed on the Singapore Stock Exchange.
The Simpson Thacher team that worked on the transaction included Taki Saito, Tadashi Okamoto and Robert Dunn in Tokyo and Jeanne Annarumma (Executive Compensation and Employee Benefits), Rob Holo and Jessica Garcia (Tax) and Jennie Getsin (Blue Sky) in New York.
