For out-performing our peers in delivering funding for both international and domestic issues, while successfully adapting to the global pandemic and continuing to support our clients, Mizuho Securities has been awarded Yen Bond House of the Year in the 2020 IFR Awards for an impressive third year in a row.
The IFR Awards are considered to be the most prestigious in the global capital markets calendar.
IFR said in their article: “The theme of the year was all about adapting to new conditions. In March, to minimise market risk at the height of the sell-off, Mizuho managed to shorten the marketing period on Aflac's JP¥57 billion (US$549 million) four-tranche global yen bond to 1.5 days, about half the usual time. Mizuho also worked hard to deliver a jumbo offering for Berkshire Hathaway in early April, having convinced Warren Buffett’s conglomerate that the market could support another sizable deal after its JP¥430 billion fundraising in 2019. By announcing the deal well in advance, Mizuho helped deliver a JP¥195.5 billion transaction even though a state of emergency was declared in Japan during the marketing period. The purpose of the fundraising was never disclosed, but Berkshire later revealed that it had amassed stakes in Japan’s five biggest trading companies, worth a combined US$7 billion”.