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 $700 million aggregate principal amount of 5.098% senior callable fixed-to-fixed reset rate notes due 2031, $900 million aggregate principal amount of 5.422% senior callable fixed-to-fixed reset rate notes due 2036 and $300 million aggregate principal amount of senior callable floating rate notes due 2031. The notes are structured to count as total loss-absorbing capacity (TLAC) under the Japanese TLAC regulations. The notes are listed on the Luxembourg Stock Exchange’s Euro MTF Market.

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, counsel Chihiro Sasaki and associates Maarten van der Plas and Yoshi Kusama Sanders. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

 

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