The offering included fixed-to-fixed reset rate notes and floating rate notes

Davis Polk advised the joint bookrunners and lead managers in connection with Mizuho Financial Group’s SEC-registered takedown offering of senior notes, which consisted of $600 million aggregate principal amount of 2.651% senior callable fixed-to-fixed reset rate notes due 2026, $500 million aggregate principal amount of 3.261% senior callable fixed-to-fixed reset rate notes due 2030 and $750 million aggregate principal amount of senior callable floating rate notes due 2026. The notes are structured to count as total loss-absorbing capacity (TLAC) under the Japanese TLAC regulations. The net proceeds of the 2030 notes will be allocated to finance existing and future “Eligible Green Projects,” as defined under Mizuho Financial Group’s green bond framework. The notes are listed on the Singapore Exchange Securities Trading Limited.

Mizuho Financial Group 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 and associate Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

Copy link to share post