The senior callable fixed-to-fixed reset rate notes are due 2029, 2031 and 2034

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 $1 billion aggregate principal amount of 5.667% senior callable fixed-to-fixed reset rate notes due 2029, $700 million aggregate principal amount of 5.739% senior callable fixed-to-fixed reset rate notes due 2031 and $900 million aggregate principal amount of 5.754% senior callable fixed-to-fixed reset rate notes due 2034. 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 and associates Chihiro Sasaki and Dylan H. Lojac. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. Counsel Charles Shi provided executive compensation advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

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