We advised the joint bookrunners and joint lead managers on the offering

Davis Polk advised the joint bookrunners and joint lead managers in connection with Mizuho Financial Group’s first SEC-registered offering of Additional Tier 1 notes, consisting of $1 billion aggregate principal amount of 7.050% perpetual subordinated notes.The notes are intended to qualify as Additional Tier 1 capital for Mizuho Financial Group and 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 Christopher Kodama, 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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