Mizuho Entities Plan Purchase of Hokkaido Electric’s 2031 Convertible Bonds

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2026.02.12 16:52
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Mizuho Securities and its subsidiary plan to purchase portions of Hokkaido Electric's zero coupon convertible bonds due 2031, set to be issued on March 2, 2026. Hokkaido Electric clarified it is not involved in these transactions, which may temporarily grant Mizuho entities up to 8.27% voting rights without intentions to convert the bonds. The focus is on credit investment rather than corporate control. The latest analyst rating for Hokkaido Electric stock is a Buy with a price target of Yen1186.00.