Mizuho Financial Group, Inc.
Mizuho Corporate Bank, Ltd.
Mizuho Securities Co., Ltd.
Mizuho Securities Co., Ltd. ("MHSC," President: Yoshio Osawa) announces that, at the meeting of its Board of Directors held today, it resolved to issue new shares by way of third-party allocation as described below.
MHSC plans to raise approximately &JPY 75 billion through the issuance of new shares to The Norinchukin Bank ("Norinchukin," President and Chief Executive Officer: Hirofumi Ueno).
The third-party allocation of shares to Norinchukin follows the transfer of operations of Norinchukin Securities Co., Ltd. to MHSC in March 2004 and is expected to further reinforce the developing and growing relationship between the MHSC and Norinchukin and enhance the business platform and earnings of MHSC.
This transaction will be executed immediately after all necessary procedures with relevant regulatory authorities are completed.
Particulars
- Total issue amount Approximately JPY 75 billion (planned)
- Allocation to capital Approximately JPY 45 billion (planned)