Mizuho eyes lucrative US market to boost profits
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Tokyo
WHEN Actavis Plc was preparing to buy Allergan Plc, it gave Mizuho Financial Group Inc a weekend to decide if it wanted to help come up with US$46 billion in loans to back the deal, code-named Project Fruit Basket.
Mizuho chief executive officer Yasuhiro Sato had an answer by Monday morning: Yes. Four months later, Japan's second-largest bank by assets was in line to lead a US$21 billion bond sale that refinanced the loans.
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