Mizuho Financial Group's $2.35 Billion Senior Notes Offering
Mizuho Financial Group, Inc. completed its SEC-registered takedown offering of senior notes, which consisted of $750 million aggregate principal amount of 2.226% senior fixed-to-floating rate notes due 2026, $500 million aggregate principal amount of 2.591% senior fixed-to-floating rate notes due 2031 and $1.1 billion 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 Simpson Thacher team for the offering included Taki Saito (Picture) and Michael Young (Capital Markets); and Jonathan Cantor (Tax).
The Davis Polk corporate team included partner Jon Gray and associates Chihiro Sasaki and Mari Foster.