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Mizuho International plc (MHI) is the London based securities and investment banking arm of the Mizuho Financial Group, Inc., and is a wholly owned subsidiary of Mizuho Securities Co., Ltd. With a primary focus on client based activities, its wide range of services includes sales and trading in both debt and equity securities, the underwriting of new issues and M&A advisory services.
What we do
There are three principal components of the Primary Debt Markets business at Mizuho International namely Corporate & Public Sector Debt Capital Markets (‘C&PS DCM’), Financial Institutions Debt Capital Markets (‘FI DCM’) and Debt Syndicate.
The C&PS DCM team’s primary role is to provide debt financing solutions for Mizuho Financial Group’s global corporate, sovereign and supra sovereign agency client base, in both public and private markets. C&PS DCM is responsible for leveraging off the Debt Syndicate Team and Liability Management teams’ advice and communicating it to borrowers in the most effective way possible. C&PS DCM is responsible for knowing the short and long-term funding plans of their issuer clients, their appetite for deleveraging and early refinancing, their need for M&A-related liability and capital management solutions, the issuers’ business strategies, and an in-depth knowledge of their credit metrics and dynamics. C&PS DCM is also responsible for seamless co-ordination with Mizuho Bank on mutual clients. The team is highly focused on identifying cross-selling opportunities and enhancing the development of group-wide synergies.
The FI DCM team’s primary role is to provide debt financing solutions and balance sheet strategic and advisory services for Mizuho Financial Group’s global financial institution (banks and non-banks) client base, in both public and private markets. FI DCM is responsible for leveraging off the Debt Syndicate and Treasury Strategy and Advisory teams’ advice and communicating it to borrowers in the most effective way possible. FI DCM is responsible for knowing the short and long-term funding and capital plans of their issuer clients, the issuers’ business strategies, and an in-depth knowledge of their credit and interest rate metrics and dynamics. FI DCM is also responsible for seamless co-ordination with Mizuho Bank on mutual clients. The team is highly focused on identifying cross-selling opportunities and enhancing the development of group-wide synergies.
The Debt Syndicate team’s primary role is to provide pricing, execution strategy and tactics for specific proposed transactions for Mizuho clients. The team also liaises with other Mizuho group syndicate teams, underwrites debt transactions, executes medium term notes and private placements, manages risk positions and communicates with other banks’ syndicate desks to provide seamless execution for clients’ bond issues. Debt Syndicate is responsible for liaising between traders, sales, DCM and derivatives’ teams, and engages both investors and issuers in the pursuit of cutting-edge market intelligence to provide appropriate execution advice to clients. Debt Syndicate is also required to execute swaps and to provide direct coverage for certain frequent borrowers.
The Primary Debt Markets team is responsible for marketing and originating fixed income products across various currencies to their issuer client base which consists of global sovereigns, supranationals and agencies, as well as global financial institutions and corporates (IG, HY and EM).
The Primary Debt Markets team in conjunction with Mizuho’s European Loan Capital Markets department is part of an integrated primary markets platform that provides a cohesive Loan and Bond offering to Mizuho’s clients and valuable insight into Bridge-Bond opportunities.
About you
To join our team, you must have a passion for financial services and preferably have demonstrated this via your chosen field of study. We also accept applications from candidates with strong academics in any degree discipline who can demonstrate an aptitude for financial services. Successful candidates will be able to demonstrate our core values of winning spirit, inspiring trust and diversity of thought.
Our interns will gain experience in debt capital markets solutions and origination over a 10 week period with a view to being offered a position on the Mizuho 2023 Graduate Programme, commencing September 2023.
Applicants to the Mizuho 2022 Intern Programme will ideally be in their penultimate year of undergraduate study and be available for permanent employment from September 2023. (Please note we have now filled all places on our Mizuho 2022 Graduate programme).
Additional information
We are an equal opportunity employer and are committed to supporting equality and diversity, and seek to create a workplace that is fully inclusive.
Applicants must have the permanent right to work in the UK.
Mizuho International is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and is a member of the London Stock Exchange and LCH.Clearnet Limited.
