Davis Polk advised Japan Finance Organization for Municipalities in connection with its $1.5 billion Rule 144A/Regulation S takedown offering of 1.000% senior unsecured notes due 2025. 

JFM is a public sector financial institution established by the Japan Finance Organization for Municipalities Law of Japan and is the primary public financial institution for supplying long-term, low-cost financing to local governments for funding national policy targets.

The Davis Polk corporate team included partner Jon Gray and counsel Christopher Kodama. All members of the Davis Polk team are based in the Tokyo office.

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