Published on 7/7/2021 in the Prospect News Investment Grade Daily.
New Issue: Nomura details $3.25 billion of notes due in five, seven, 10 years
By Devika Patel
Knoxville, Tenn., July 7 – Nomura Holdings Inc. offered further details, including the price, about a $3.25 billion sale of fixed-rate notes (Baa1/BBB+) that priced in three tranches on Tuesday, according to an FWP filed with the Securities and Exchange Commission.
The company priced $1.25 billion of 1.653% five-year notes at Treasuries plus 85 basis points compared to talk in the Treasuries plus 105 bps area. These notes priced at par.
Nomura also priced $1 billion of 2.172% seven-year notes at Treasuries plus 105 bps versus talk in the Treasuries plus 125 bps area. These notes priced at par.
The issuer priced $1 billion of 2.608% 10-year notes at Treasuries plus 125 bps versus talk in the Treasuries plus 145 bps area. These notes priced at par.
The notes are non-callable.
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., SG Americas Securities LLC and Standard Chartered Bank were 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.
|
| Issue: | Fixed-rate 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., SG Americas Securities LLC 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 (publ), UBS Securities LLC and UniCredit Capital Markets LLC
|
| Call option: | Non-callable
|
| Pricing date: | July 6
|
| Settlement date: | July 12
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | July 14, 2026
|
| Coupon: | 1.653%
|
| Price: | Par
|
| Yield: | 1.653%
|
| Spread: | Treasuries plus 85 bps
|
| Talk: | Treasuries plus 105 bps area
|
|
|
| Seven-year notes
|
| Amount: | $1 billion
|
| Maturity: | July 14, 2028
|
| Coupon: | 2.172%
|
| Price: | Par
|
| Yield: | 2.172%
|
| Spread: | Treasuries plus 105 bps
|
| Talk: | Treasuries plus 125 bps area
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | July 14, 2031
|
| Coupon: | 2.608%
|
| Price: | Par
|
| Yield: | 2.608%
|
| Spread: | Treasuries plus 125 bps
|
| Talk: | Treasuries plus 145 bps area
|
|
|
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