Simpson Thacher’s Tokyo office recently represented the managers, led by Morgan Stanley & Co. LLC, Mitsubishi UFJ Securities (USA), Inc. and J.P. Morgan Securities LLC in an offering of $2.25 billion senior notes in four tranches due 2016 (floating rate), 2016, 2018 and 2023 (fixed rate) of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Stock Exchange.

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Simpson Thacher recently represented the international managers in connection with a global offering of shares of Japan Tobacco Inc. All of the shares were sold by Japan’s Minister of Finance, and the offering included a public offering in Japan and an international offering to institutional investors pursuant to Rule 144A and Regulation S. Japan Tobacco is the sole manufacturer of tobacco products in Japan and the third largest global manufacturer of tobacco products by market share based on unit sales of cigarettes.

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Paul Hastings, a leading global law firm, announced today that it is representing Samsung Electronics, a world leader in advanced semiconductor solutions, on its 10.4 billion yen (approximately US$110 million) investment – or 3 percent equity interest – in Sharp Corporation, the Japanese manufacturer of electronics goods and components, including liquid crystal displays. The parties entered into a definitive agreement on March 6, 2013 and expect to close the transaction, which marks the first capital tie-up between the two major consumer electronics makers, after satisfying regulatory procedures.

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Paul Hastings, a leading global law firm, announced on February 28, 2013 that it advised AEON Co., Ltd., the holding company of AEON Group, a leading retail company in Japan, on its buyout of Warner Bros. Entertainment Inc.’s 50% equity interest in Warner Mycal Corporation (“Warner Mycal”).

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The Firm recently represented the international joint lead managers in connection with the initial public offering of Nippon Prologis REIT, Inc. on the Tokyo Stock Exchange, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥97 billion (US$1.05 billion) for the issuer which was used together with bank financing to acquire an initial portfolio of logistics facilities from the sponsor, Prologis Group. Morgan Stanley, SMBC Nikko Capital Markets, Goldman Sachs and JP Morgan acted as international joint lead managers for the offering.

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Linklaters is advising Japanese financial services firm ORIX Corporation on its €1.935bn acquisition of Dutch asset manager Robeco Groep N.V. from Rabobank. The deal is ORIX’s most significant strategic acquisition to date, as well as the largest Japanese outbound deal of the year to date.

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The Firm recently represented Japan’s Aozora Bank in connection with the secondary offering of 591,250,000 shares of common stock by Cerberus NCB Acquisition, L.P., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥133 billion (US$1.5 billion) for the selling shareholder. Citigroup, Morgan Stanley, Goldman Sachs and Barclays acted as joint international managers for the offering.

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Leading international law firm Clifford Chance has advised ING Bank N.V. (“ING”) on its sale of three-year bonds in Japan, raising JPY175.9 billion ($2.1 billion) in aggregate. This was the largest issue of JPY bonds in Japan by a foreign issuer in 2012, and one of the biggest ever fundraisings by a European issuer in Japan.

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Simpson Thacher recently represented the initial purchasers in connection with the offering of US$2 billion of senior bonds in three tranches due 2016, 2018 and 2023 by Japan’s Sumitomo Mitsui Banking Corporation, guaranteed by the bank’s New York branch. The senior bonds were offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. Goldman Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC, J.P. Morgan Securities LLC and SMBC Nikko Capital Markets Limited were the joint lead managers for the offering.

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Tokyo, Amsterdam: Leading international law firm Clifford Chance has advised ING Bank N.V. (“ING”) on its sale of three-year bonds in Japan, raising JPY175.9 billion ($2.1 billion) in aggregate. This was the largest issue of JPY bonds in Japan by a foreign issuer in 2012, and one of the biggest ever fundraisings by a European issuer in Japan.

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