Mizuho nets $4bn with triple-trancher TLAC bond
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Asia

Mizuho nets $4bn with triple-trancher TLAC bond

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Mizuho Financial Group has raised $4bn from a triple-tranche bond to meet its total loss-absorbing capacity (TLAC) requirements. All three Japanese global systemically important banks have now issued such notes this year and market participants said investors and issuers are warming up to the product.

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