By Cristal Cody
Tupelo, Miss., July 6 – Nomura Holdings Inc. priced $2.5 billion of fixed-rate senior notes (Baa1/BBB+) in two tranches on Monday, according to a market source.
A $1.5 billion offering of 1.851% five-year notes priced at a Treasuries plus 155 basis points spread.
Price talk was in the Treasuries plus 175 bps area, revised from the 180 bps area.
Nomura sold $1 billion of 2.679% 10-year notes at a spread of 200 bps over Treasuries.
Price talk was in the Treasuries plus 225 bps area, revised from the 230 bps area.
Nomura Securities International Inc. and Citigroup Global Markets Inc. were the bookrunners.
The notes are non-callable.
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
|
| Description: | Senior notes
|
| Bookrunners: | Nomura Securities International Inc. and Citigroup Global Markets Inc.
|
| Trade date: | July 6
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | July 16, 2025
|
| Coupon: | 1.851%
|
| Spread: | Treasuries plus 155 bps
|
| Call feature: | None
|
| Price guidance: | Treasuries plus 175 bps area, revised from the 180 bps area
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | July 16, 2030
|
| Coupon: | 2.679%
|
| Spread: | Treasuries plus 200 bps
|
| Call feature: | None
|
| Price guidance: | Treasuries plus 225 bps area, revised from the 230 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
