Mizuho To Raise About $8.4 Billion In Share Sale

Mizuho Financial Group, Inc., one of the largest banks in Japan, announced that it has determined an issue price of ¥130, which is a 3.7% discount to the closing price of ¥135 on the TSE Tuesday. Mizuho has issued 5.609 billion new shares with an over-allotment option of 391 million shares and raised ¥748.02 billion, or about $8.4 billion.