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Mizuho Financial Group to issue €500M green bond

Mizuho Financial Group Inc. will issue its first green bond totaling €500 million.

The note has a maturity of seven years priced with an interest rate of 0.956%, the company said. The issue date is Oct. 16.

Mizuho Financial plans to use proceeds to make a loan to wholly owned unit Mizuho Bank Ltd. to fund environmentally friendly projects.