Davis Polk advised the joint lead managers in connection with Mizuho Financial Group, Inc.’s debut SEC-registered takedown offering of Australian dollar-denominated senior notes, which consisted of A$275 million aggregate principal amount of 3.752% senior notes due 2023 and A$350 million aggregate principal amount of floating-rate senior notes due 2023. The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan. 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, counsel Christopher J. Kodama and associates Mari Foster and Shinya Fujiwara. All members of the Davis Polk team are based in the Tokyo office. 

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