Published on 1/5/2022 in the Prospect News Investment Grade Daily.
New Issue: Nomura prices $2.5 billion of notes due in 2027, 2029, 2032
By Rebecca Melvin and Cristal Cody
Concord, N.H., Jan. 5 – Nomura Holdings Inc. priced $2.5 billion of notes (Baa1/BBB+) in three tranches on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
The company priced $1.25 billion of 2.329% five-year notes at par for a spread of 97 basis points over Treasuries. That compared to talk in the Treasuries plus 120 bps area.
Nomura also priced $500 million of 2.71% seven-year notes at par for a spread over Treasuries of plus 115 bps, compared to talk in the Treasuries plus 140 bps area.
The issuer also priced $750 million of 2.999% 10-year notes to yield Treasuries plus 135 bps versus talk in the Treasuries plus 160 bps area. These notes also priced at par.
The notes are non-callable.
Nomura Securities International Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., Banco de Sabadell SA, Credit Agricole CIB, Natixis Securities Americas LLC, Societe Generale, Standard Chartered Bank and Swedbank are the bookrunners.
Proceeds will be used to make loans to subsidiaries, which will use the funds for general corporate purposes.
The financial holding company is based in Tokyo.
| Issuer: | Nomura Holdings Inc.
|
| Amount: | $2.5 billion
|
| Issue: | Fixed-rate notes
|
| Bookrunners: | Nomura Securities International Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., Banco de Sabadell SA, Credit Agricole CIB, Natixis Securities Americas LLC, Societe Generale, Standard Chartered Bank and Swedbank
|
| Co-managers: | ABN Amro Securities (USA) LLC, Bankinter SA, Blackstone Securities Partners LP, BMO Capital Markets Corp., BNP Paribas Securities Corp., CIBC World Markets Corp., Intesa Sanpaolo SpA, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Rabo Securities USA Inc., RBC Capital Markets LLC, Santander Investment Securities Inc. and Scotia Capital (USA) Inc.
|
| Call option: | Non-callable
|
| Pricing date: | Jan. 4
|
| Settlement date: | Jan. 11
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | Jan. 22, 2027
|
| Coupon: | 2.329%
|
| Price: | Par
|
| Yield: | 2.329%
|
| Spread: | Treasuries plus 97 bps
|
| Talk: | Treasuries plus 120 bps area
|
| Cusip: | 65535HAZ2
|
|
|
| Seven-year notes
|
| Amount: | $500 million
|
| Maturity: | Jan. 22, 2029
|
| Coupon: | 2.71%
|
| Price: | Par
|
| Yield: | 2.71%
|
| Spread: | Treasuries plus 115 bps
|
| Talk: | Treasuries plus 140 bps area
|
| Cusip: | 65535HBB4
|
|
|
| 10-year notes
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| Amount: | $750 million
|
| Maturity: | Jan. 22, 2032
|
| Coupon: | 2.999%
|
| Price: | Par
|
| Yield: | 2.999%
|
| Spread: | Treasuries plus 135 bps
|
| Talk: | Treasuries plus 160 bps area
|
| Cusip: | 65535HBA6
|
|
|
|
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