15 March 2021
Skadden advised NTT Group on concurrent US dollar and Euro-denominated guaranteed notes offerings with a total value exceeding US$10 billion. The notes were issued by NTT Finance Corporation and guaranteed by Nippon Telegraph and Telephone Corporation, the parent company of NTT Finance Corporation and one of Japan’s largest telecommunications providers.
The US dollar-denominated notes were issued in five tranches, in aggregate principal amounts of: US$1,500,000,000 of 0.373% senior notes due 2023; US$1,000,000,000 of 0.583% senior notes due 2024; US$3,000,000,000 of 1.162% senior notes due 2026; US$1,500,000,000 of 1.591% senior notes due 2028; and US$1,000,000,000 of 2.065% senior notes due 2031.
The Euro-denominated notes were issued in two tranches, in aggregate principal amounts of €1,000,000,000 of 0.010% senior notes due 2025 and €1,000,000,000 of 0.342% senior notes due 2030.
The notes were listed on the Singapore Stock Exchange. The offerings closed on 3 March 2021.
The Skadden team was led by partner Kenji Taneda, with Asia-Pacific Counsel Ken Kiyota and associates Akira Tago, Matthew Longarini, and Tatsuya Hasegawa, all of whom are based in Tokyo. Partner Michael Hoffman (New York) and associate Cameron Jordan (Chicago) advised on matters relating to the Investment Company Act of 1940.
For further information, please contact:
Grace Lord, Marketing & Communications Specialist, Skadden
grace.lord@skadden.com
