Debt-Related Services

Mizuho Securities has established a strong presence in the Japanese debt market.

League Table

[ Total SB Underwriting (Lead manager) ]

* Including Samurai Bonds and municipal bonds
Excluding subsidiary debt issue, self-led issue and retail targeted
Total issue amount: JPY 8,362bil.

Rank	Company	Amount (JPY: Billion)	Share (%)
1	Daiwa Securities SMBC	1,723	20.61
2	Mizuho Securities	1,617	19.35
3	Mitsubishi UFJ Securities	1,267	15.15
4	Nomura Securities	1,197	14.32
4	Nikko Citigroup	990	11.85

*April 1, 2006 - March 31, 2007 Launch date basis

*Source: Mizuho Securities created based on the data by I-N Information Center.

[ Debt-Related League Table 2006 ]

Wholesale Utilities Bond (Lead manager)	1
Wholesale Utilities Bond (by amount)	1
Wholesale Corporate Bond (Lead manager)	1
Wholesale Corporate Bond (by amount)	1
Financial Institution Bond (Lead manager)	3
Financial Institution Bond (by amount)	3

April 1,2006 - March 31, 2007

*Source: I-N Information Center

[ The Bond Analysts and Economists Popularity research ]

Overall Ranking:No.1 Mizuho Securities

Rank	Company	Score
1	Mizuho Securities	656
2	Mitsubishi UFJ Securities	551
3	BNP PARIBAS	378
4	Nomura Securities	361
5	Deutsche Securities	316
6	UBS	309
7	Credit Suisse Securities	288
8	Merrill Lynch Japan Securities	285
9	Nikko Citigroup	275
10	Daiwa Securities SMBC	248

Based on “the 12th Bond Analysts and Economists Popularity Research”
by the Nikkei Bonds & Financial Weekly

(The Company prepared based on the articles shown in the No.1579
Nikkei Bonds & Financial Weekly dated March 12,2007)

Straight Bond House of the Year
Innovative Straight Bond Deal of the Year : Aeon 50Year Hybrid Bonds Series 1 & Series 2
Samurai Bond Deal of the Year : American International Group Series 1

League Table

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