The senior notes are due 2030 and 2035

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 4.674% senior notes due 2030 and $500 million aggregate amount of 5.359% senior notes due 2035. The net proceeds of the notes will be used for general corporate purposes. 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, Ayano Kitano and Yoshi Kusama Sanders. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Valentin Van de Walle provided tax advice. Counsel Chaoyuan (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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