Davis Polk advised the joint lead managers in connection with Mizuho Financial Group, Inc.’s SEC-registered takedown offering of senior notes, which consisted of $850 million aggregate principal amount of 3.549% senior notes due 2023, $1.3 billion aggregate principal amount of 4.018% senior notes due 2028 and $850 million aggregate principal amount of floating-rate senior notes due 2023.
Mizuho Securities, J.P. Morgan, BofA Merrill Lynch and Citigroup acted as Joint Lead Managers and Joint Bookrunners.
The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan. 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.
The Davis Polk corporate team included partner Jon Gray (Picture), counsel Christopher J. Kodama and associates Mari Foster and Shinya Fujiwara.
Law Firms: Davis Polk & Wardwell;