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Published on 8/29/2011 in the Prospect News Convertibles Daily.

Mizuho cuts conversion price on 11th series class XI preferreds

By Toni Weeks

San Diego, Aug. 29 - Mizuho Financial Group, Inc. said it adjusted the conversion price on its 11th series class XI preferred stock to ¥282.9 from ¥284.9 effective Aug. 30, according to a 6-K filing with the Securities and Exchange Commission.

The floor price of the conversion price was also adjusted to ¥282.9 from ¥284.9.

As of July 31, there were 384,510,800 shares of the stock outstanding.

Mizuho is a bank holding company based in Tokyo.


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