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 $1.1 billion aggregate principal amount of 1.241% senior fixed-to-floating-rate notes due 2024, $1 billion aggregate principal amount of 2.201% senior fixed-to-floating-rate notes due 2031 and $400 million aggregate principal amount of senior floating-rate notes due 2024. 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, Mari Foster and Paul Lee. Counsel Alon Gurfinkel and associate Veronica Davis provided tax advice. Members of the Davis Polk team are based in the Tokyo and London offices.

 

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