Chicago, Aug. 30 – Mizuho Financial Group, Inc. priced a €1.3 billion offering (A1//A-) on Tuesday, which included an €800 million green bond due 2027 and a €500 million conventional note, according to a market source.
The five-year green bond priced with a 3.49% coupon at par, or with a spread over mid-swaps of 123 basis points.
Pricing came in from initial talk in the 145 bps area over mid-swaps that was later guided to the 125 bps area.
Books were above €950 million on the tranche.
The Regulation S notes were sold by joint bookrunners Mizuho (billing and delivery), Barclays, BNP Paribas, ING and Danske.
Listing will be on the Luxembourg Stock Exchange.
Proceeds will be used to make a loan to Mizuho Bank Ltd. for financing and/or refinancing, in whole or in part, existing and/or new eligible green projects.
Mizuho is a Tokyo-based financial institution.
| Issuer: | Mizuho Financial Group, Inc.
|
| Amount: | €800 million
|
| Issue: | Senior green notes
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| Maturity: | Sept. 5, 2027
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| Bookrunners: | Mizuho (billing and delivery), Barclays, BNP Paribas, ING and Danske
|
| Coupon: | 3.49%
|
| Price: | Par
|
| Yield: | 3.49%
|
| Spread: | Mid-swaps plus 123 bps
|
| Trade date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Ratings: | Moody’s: A1
|
| Fitch: A-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 145 bps area
|
| ISIN: | XS2528323780
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