Japan - Mizuho Financial Group, Inc. $2.75 Billion Notes Offering .

Legal News & Analysis - Asia Pacific - Japan - Capital Markets

18 July, 2019

 

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 $1 billion aggregate principal amount of 2.721% senior fixed-to-floating-rate notes due 2023, $500 million aggregate principal amount of 2.839% senior fixed-to-floating-rate notes due 2025, $750 million aggregate principal amount of 3.153% 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”) 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, associates Chihiro Sasaki, Mari Foster and Shinya Fujiwara. All members of the Davis Polk team are based in the Tokyo office.