Book size: 1750; Redemption: 2031-05-16; Registration: Reg S Only; Comments: EUR750m Green 6.25NC5.25 cpn fxd-to-frn 3.21% at 100, yld 3.212%. Spread: MS+70bps. OBL 2.2 10/10/30 #192 +85.8bps / Price: 99.315%/ HR : 109%. LEI: 353800CI5L6DDAN5XZ33;
Book size: 800; Redemption: 2036-05-16; Registration: Reg S Only; Comments: EUR500m Conventional 11.25NC10.25 cpn fxd-to-frn 3.845% at 100, yld 3.847%. Spread: MS+98bps. DBR 2.6 08/15/35 +104.5bps / Price: 98.325%/ HR: 102%. LEI: 353800CI5L6DDAN5XZ33;
Deal Comments
Reoffer: 6.25NC5.25: MS+70bp / 100 / 3.212% 11.25NC10.25: MS+98bp / 100 / 3.847%
Benchmark: 6.25NC5.25: OBL 2.2 10-Oct-30 @ 99.315 / B+85.8bp / HR 109% 11.25NC10.25: DBR 2.6 15-Aug-35 @ 98.325 / B+104.5bp / HR 102%
Tranche 1 (6.25NC5.25 Green): Final Books >€1.75bn. Peak book >€3.2bn
Tranche 2 (11.25NC10.25 Conventional): Final Books >€800m. Peak book >€2.3bn
Launched:
6.25NC5.25: €750m @ MS+70bp - Books >€2bn
11.25NC10.25: €500m @ MS+98bp - Books >€1.1bn
Spread set at: 6.25NC5.25: MS+70bp - Books >€3.2bn 11.25NC10.25: MS+98bp - Books >€2.3bn
IPTs: 6.25NC5.25: MS+100a 11.25NC10.25: MS+125a
Issuer: Mizuho Financial Group, Inc. (“Mizuho FG”)
Expected Security Ratings: A1 (Moody’s) / A- (Fitch)
Format: Regulation S off EMTN Programme (Registered form)
Tenor:
6.25NC5.25 FTF (Green)
11.25NC10.25 FTF (Conventional)
Security Description: Senior Unsecured Notes
Coupon Type: Fixed to Float, Annual, Act/Act (ICMA) during fixed rate period. Quarterly, Act/360 during floating rate period
Size & Currency:
€750m
€500m
Coupon:
3.210%
3.845%
Yield:
3.212%
3.847%
Price:
100.000%
100.000%
Spread:
MS+70bps
MS+98bps
Benchmark:
OBL 2.2 10-Oct-30 #192 +85.8bps / Price : 99.315% HR : 109%
DBR 2.6 15-Aug-35 +104.5bps / Price : 98.325% HR :102%
Maturity:
16-May-32
16-May-37
Optional Redemption:
16-May-31
16-May-36
ISIN:
XS3293638568
XS3293639376
TOE:
15:51 UKT / 16:51 CET
15:58 UKT / 16:58 CET
FTT:
16:15 UKT / 17:15 CET
16:15 / 17:15 UKT
Minimum Denominations: EUR100k, plus/EUR1k above EUR100k
Joint Bookrunners: Mizuho (B&D) / CACIB / HSBC / Lloyds / Natixis
Listing: Luxembourg Stock Exchange (Euro MTF). The Green tranche will be displayed on the Luxembourg Green Exchange (LGX)
Target Market: Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional investors only (all applicable distribution channels). No EU or UK PRIIPs / KID will be prepared as not available to retail in the EEA and the UK
Governing Law: English law
Use of Proceeds: Mizuho FG intends to use the net proceeds from the issuance and sale of each series of Notes to make a loan that is intended to qualify as Internal TLAC under the Japanese TLAC Standard to Mizuho Bank, Ltd., which itself intends to utilise (i) in the case of the Green Bonds, an amount equal to the net proceeds to finance and/or refinance, in whole or in part, existing and/or new “Eligible Green Projects” as defined under the Green Bond Framework adopted by Mizuho FG as further described in the preliminary final terms and (ii) in the case of the Conventional Bonds, such funds for its general corporate purposes
Settlement: T+5 (16-Feb-26)
Fees: Fees will be paid to the Joint Bookrunners on this transaction
LEI Code: 353800CI5L6DDAN5XZ33