Mizuho Corporate Bank: To Issue Subordinated Straight Bond
February 09 2009 - 2:04AM
Dow Jones News
Mizuho Corporate Bank Ltd. will issue a subordinated straight
bond to individual investors, documents filed at the Japanese
Finance Ministry's Kanto Local Finance Bureau showed Monday.
The wholesale and investment banking unit of Mizuho Financial
Group Inc. (8411.TO), will issue subordinated straight bonds of
which the amount and annual coupon haven't been decided, but the
annual coupon will be tentatively set at 2.38-3.38%. The final rate
will be set on Feb. 16.
The principal of the bonds matures on March 16, 2017.
Mizuho said the bond issuance is a part of efforts to strengthen
its capital base.
-By Atsuko Fukase, Dow Jones Newswires; 813-5255-2957;
atsuko.fukase@dowjones.com