By Cristal Cody and Rebecca Melvin
New York, March 24 – Nomura Holdings Inc. gave additional details, including the price and yield, of its $3.25 billion of notes (expected ratings: Baa1/BBB+) that priced in three tranches on Tuesday, according to a FWP filed with the Securities and Exchange Commission.
A $1.25 billion issue with a 1.864% coupon and April 10, 2026 maturity priced at par to yield a spread of Treasuries plus 105 basis points. Price talk had the tranche in the Treasuries plus 130 bps area.
A $750 million tranche of 2.471% senior notes due April 10, 2028 priced at par with a spread of Treasuries plus 120 bps. Talk had the tranche coming in the Treasuries plus 140 bps area.
The longer-dated 10-year tranche came sized at $1.25 billion with a 2.919% coupon and priced at par with a spread of Treasuries plus 130 bps. The notes were talked in the Treasuries plus 155 bps area.
The notes in all three tranches are non-callable.
The joint lead managers and joint bookrunners are Nomura Securities International Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., BBVA Securities Inc., BofA Securities Inc., Credit Agricole CIB, Natixis Securities Americas LLC, Rabo Securities USA Inc., Societe Generale and Standard Chartered Bank.
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.
|
| Issue: | Senior notes
|
| Amount: | $3.25 billion
|
| Bookrunners: | Nomura Securities International Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America Inc., BBVA Securities Inc., BofA Securities Inc., Credit Agricole CIB, Natixis Securities Americas LLC, Rabo Securities USA Inc., Societe Generale and Standard Chartered Bank
|
| Co-managers: | BMO Capital markets Corp., BNP Paribas Securities Corp., BNY Mellon Capital Markets LLC, Deutsche Bank Securities Inc., ING Financial Markets LLC, Intesa Sanpaolo SpA, Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., Swedbank AB, UBS Securities LLC and UniCredit Capital Markets LLC
|
| Trade date: | March 23
|
| Settlement date: | March 29
|
| Ratings: | Moody’s; Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
|
|
| 2026 notes
|
| Amount: | $1.25 billion
|
| Maturity: | April 10, 2026
|
| Coupon: | 1.864%
|
| Price: | Par
|
| Yield: | 1.864%
|
| Spread: | Treasuries plus 105 bps
|
| Call features: | Non-callable
|
| Price talk: | Treasuries plus 130 bps
|
|
|
| 2028 notes
|
| Amount: | $750 million
|
| Maturity: | April 10, 2028
|
| Coupon: | 2.471%
|
| Price: | Par
|
| Yield: | 2.471%
|
| Spread: | Treasuries plus 120 bps
|
| Call features: | Non-callable
|
| Price talk: | Treasuries plus 140 bps
|
|
|
| 2031 notes
|
| Amount: | $1.25 billion
|
| Maturity: | April 10, 2031
|
| Coupon: | 2.919%
|
| Price: | Par
|
| Yield: | 2.919%
|
| Spread: | Treasuries plus 130 bps
|
| Call features: | Non-callable
|
| Price talk: | Treasuries plus 155 bps
|
|
|
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