The offering involved senior callable fixed-to-fixed reset rate notes due 2027 and 2032

Davis Polk advised the joint bookrunners and lead managers in connection with Mizuho Financial Group, Inc.’s SEC-registered takedown offering of senior notes, which consisted of $1.1 billion aggregate principal amount of 1.554% senior callable fixed-to-fixed reset rate notes due 2027 and $650 million aggregate principal amount of 2.260% senior callable fixed-to-fixed reset rate notes due 2032. 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.

The Davis Polk corporate team included partner Jon Gray and associates Chihiro Sasaki and Paul Lee. Counsel Alon Gurfinkel provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

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