Morrison Foerster, Mori Hamada & Matsumoto and Skadden Arps Slate Meagher & Flom have advised on Mitsubishi Corporation’s Rule 144A and Regulation S offering of USD1 billion in senior notes.
The notes, issued in two tranches comprising 4.625% senior notes due 2031 and 5.125% senior notes, will be due in 2036 and were listed on the Singapore Stock Exchange.
Morrison & Foerster acted for Mitsubishi Corporation, with Tokyo-based partner Jesse Gillespie leading the team.
“In recent years, Mitsubishi Corporation has become well known as a frequent issuer in the US investment grade debt space. The sogo shosha trading houses have a unique business model among global issuers, and Mitsubishi is the largest of these by assets and revenue. As such, it is a perennial challenge to capture the breadth and evolution of this dynamic business through the offering materials for international investors,” Gillespie told Asia Business Law Journal.
Mori Hamada & Matsumoto also advised on the offering, with the team spearheaded by partners Yasuhiko Fujitsu and Katsuyuki Tainaka.
Skadden advised the initial purchasers, led by JP Morgan Securities, Citigroup Global Markets and BofA Securities. Kenji Taneda, head of the firm’s Tokyo office, was part of the team that included partner Ken Kiyota, Asia-Pacific counsel Yuko Ozaki, and associates Jaewon Moon and Atsuko Onishi.
Mitsubishi Corporation is Japan’s largest general trading and investment company, engaged in the trading of goods as well as the development, investment and operation of supply chains and infrastructure projects across a wide range of industries.
