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How New Perpetual Subordinated Notes, Buybacks And Governance Shift At Mizuho (TSE:8411) Has Changed Its Investment Story
Mizuho Financial Group has recently completed the issuance of two tranches of fixed-to-floating rate perpetual, subordinated, unsecured notes totaling ¥190 billion, alongside board approval to repurchase common stock and an extensive refresh of its senior leadership and board structure.
This combination of new subordinated capital and leadership reshaping highlights an effort to refine the group’s capital structure and governance framework at the same time.
We’ll now examine how the new...