New Issue: Nomura details $2.5 billion of fixed-rate notes due 2025, 2030

By Devika Patel

Knoxville, Tenn., July 7 – Nomura Holdings Inc. offered further details, including the price, on a $2.5 billion sale of fixed-rate senior notes (Baa1/BBB+) that priced in two tranches on Monday, according to a press release and an FWP filing with the Securities and Exchange Commission.

A $1.5 billion offering of 1.851% five-year notes priced at a Treasuries plus 155 basis points spread. These notes were sold at par.

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. These notes were sold at par.

Price talk was in the Treasuries plus 225 bps area, revised from the 230 bps area.

Nomura Securities International Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., BBVA Securities Inc., BofA Securities Inc., ICBC International Securities Ltd., ING Financial Markets LLC, Natixis Securities Americas LLC, SG Americas Securities LLC, Standard Chartered Bank and TD Securities (USA) LLC 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., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., BBVA Securities Inc., BofA Securities Inc., ICBC International Securities Ltd., ING Financial Markets LLC, Natixis Securities Americas LLC, SG Americas Securities LLC, Standard Chartered Bank and TD Securities (USA) LLC
Co-managers:	ABN Amro Inc., Banca IMI SpA, Banco de Sabadell, SA, BNP Paribas Securities Corp., BNY Mellon Capital Markets LLC, CIBC World Markets Corp., Credit Agricole CIB, KKR Capital Markets LLC, Lloyds Securities Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, NatWest Markets Securities Inc., Rabo Securities USA, Inc., Scotia Capital (USA) Inc., Swedbank AB (publ) and UBS Securities LLC
Trade date:	July 6
Settlement date:	July 13
Ratings:	Moody’s: Baa1
	S&P: BBB+
Distribution:	SEC registered
Five-year notes
Amount:	$1.5 billion
Maturity:	July 16, 2025
Coupon:	1.851%
Price:	Par
Yield:	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%
Price:	Par
Yield:	2.679%
Spread:	Treasuries plus 200 bps
Call feature:	None
Price guidance:	Treasuries plus 225 bps area, revised from the 230 bps area

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