New York, March 18, 2021 – Mizuho Americas today announced its 2020 IFR Awards from International Financing Review, a leading source of capital markets and investment banking news, analysis, and commentary. Winners were selected among detailed award entries, subsequent pitch meetings with IFR journalists, and final evaluations by the IFR senior editorial team. Mizuho won for its roles in the following:
North America Financial Bond: AerCap’s US$1.25bn five-year bond. During the pandemic, the aircraft leasing company found itself without access to capital markets for months. Bookrunners initially sought US$750m, but the deal was upsized to US$1.25bn. Mizuho acted as Active Bookrunner.
North America Secondary Equity Issue: SoftBank’s US$15.9bn follow-on of T-Mobile US shares. The second-largest US sell-down of all time served as just one part of this five-part transaction. Mizuho acted as Joint Bookrunner.
Financing Package: AT&T’s US$21.5bn bond exchange. AT&T refinanced to exchange its long-dated, high-coupon debt with longer bonds at a lower cost. Mizuho served as Lead Dealer Manager.
Yankee Bond: Nissan’s US$8bn four-tranche holdco bond. Despite being downgraded twice by S&P and Moody’s, the company priced US$8bn in the US high-grade bond market, selling the largest US dollar deal from a Japanese corporate or financial issuer. It also ties the record for the largest automotive bond deal ever – regardless of whether it came from an automaker directly or a financing unit. Mizuho acted as Active Bookrunner for the issuer.
Yen Bond House: Mizuho was cited for its stand-out ability to deliver funding for both international and domestic issuers while adapting, as needed, in support of clients. It helped global issuers minimize risks in a volatile period and helped Japanese borrowers access essential funds in response to the coronavirus crisis.
Yen Bond: NTT Finance's ¥1trn four-tranche bond. Nippon Telegraph and Telephone's ¥1trn (US$9.6bn) four-tranche offering broke a nearly 10-year-old record. Before NTT came to market, Japan Housing Finance Agency’s ¥514.3bn offering in 2011 held the record. Mizuho served as Lead Manager.
“It is gratifying to receive such prestigious recognition from IFR as industry leaders across the international capital markets,” said Jim Shepard, Mizuho Americas Head of Debt Capital Markets. “It gave our global teams great satisfaction to help clients manage adversity in a difficult year with innovative financing that served their needs and generated tremendous investor response.”
About Mizuho Americas
Mizuho Americas is a leading provider of a broad range of financial services, including corporate and investment banking, lending, custody, treasury services, research and capital markets solutions. With professionals across the U.S., Canada, and Latin and South America, Mizuho Americas supports corporate clients, institutional investors, and public sector organizations by connecting local markets to a vast global network. To learn more about Mizuho Americas' business, values, and ethical commitments, and the entities it comprises, visit to www.mizuhogroup.com/americas.
Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG). Mizuho Financial Group is one of the largest financial institutions in the world, offering comprehensive financial and strategic services through its subsidiaries. The group has approximately 900 offices and 60,000 employees worldwide in nearly 40 countries throughout the Americas, EMEA, and Asia. As of December 31, 2020, its total assets were $2.1 trillion. Learn more about Mizuho Financial Group at www.mizuhogroup.com.
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Director, Media Relations, Mizuho Americas
Vice President, Media Relations, Mizuho Americas