The senior notes are due 2029

Davis Polk advised the joint lead managers and joint bookrunners in connection with the Rule 144A / Regulation S offering of senior notes by The Norinchukin Bank, which consisted of $500 million aggregate amount of 5.094% senior notes due 2029. The net proceeds of the notes will be allocated to new or existing Eligible Green Projects as defined under Norinchukin Bank’s Sustainable Bond Framework. The notes are listed on the Singapore Exchange Securities Trading Limited.

The Norinchukin Bank is a financial institution in Japan established under the Norinchukin Bank Act to support Japan’s agriculture, fishery and forestry cooperatives by facilitating their access to financial resources.

The Davis Polk corporate team included partner Christopher Kodama and associates Haruka Moriya and Ayano Kitano. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Valentin Van de Walle provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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