Davis Polk advised the joint lead managers in connection with Mizuho Financial Group, Inc.’s SEC-registered takedown offering of senior notes.
The Mizuho Financial Group, Inc. offering consisted of $600 million aggregate principal amount of 2.555% senior fixed-to-floating-rate notes due 2025, $500 million aggregate principal amount of 2.869% senior fixed-to-floating-rate notes due 2030 and $500 million aggregate principal amount of senior floating-rate notes due 2023. The notes are structured to count as total loss-absorbing capacity (“TLAC”) under the Japanese TLAC regulations. The notes are listed on the Singapore Exchange Securities Trading Limited.
Mizuho Financial Group, Inc. is a Japanese bank holding company that is the ultimate parent company of the Mizuho Group, one of the largest financial institution groups in the world.
Mizuho Securities, Goldman Sachs & Co. LLC, J.P. Morgan BofA Merrill Lynch and Natixis acted as joint lead managers on the deal.
The Davis Polk corporate team included partner Jon Gray (Picture) and associates Chihiro Sasaki, Mari Foster and Shinya Fujiwara.
Law Firms: Davis Polk & Wardwell;