Published on 1/5/2023 in the Prospect News Investment Grade Daily.
New Issue: Nomura sells $1.9 billion of senior notes with maturities in 2026, 2028, 2033
By Mary-Katherine Stinson
Lexington, Ky., Jan. 5 – Nomura Holdings Inc. sold $1.9 billion of senior notes with tenors of three years, five years and 10 years, according to an FWP filed with the Securities and Exchange Commission.
The $600 million 5.709% notes due Jan. 9, 2026 priced at par, or at Treasuries plus 160 basis points.
The $550 million 5.842% notes due Jan. 18, 2028 priced at par, or at Treasuries plus 200 bps.
The $750 million 6.181% notes due Jan. 18, 2033 priced at par, or at Treasuries plus 250 bps.
As previously reported, except for taxation reasons, the notes are non-callable.
Nomura Securities International, Inc., BofA Securities, Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc., Barclays, Credit Agricole CIB, Korea Development Bank, Lloyds Securities Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc. and SEB Securities, Inc. are working as joint lead managers and joint bookrunners.
Proceeds will be used for loans to subsidiaries, including Nomura Securities Co., Ltd., which will use the funds for general corporate purposes.
The notes will be listed on the Singapore Exchange.
The financial services company is based in Tokyo.
| Issuer: | Nomura Holdings Inc.
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| Amount: | $1.9 billion
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| Issue: | Senior notes
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| Bookrunners: | Nomura Securities International, Inc., BofA Securities, Inc., Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc., Barclays, Credit Agricole Corporate and Investment Bank, Korea Development Bank, Lloyds Securities Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc. and SEB Securities, Inc.
|
| Co-managers: | BNP Paribas Securities Corp., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, Academy Securities, Inc., Bankinter, SA, BBVA Securities Inc., BMO Capital Markets Corp., CaixaBank, SA, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Intesa Sanpaolo SpA, Kexim Asia Ltd., Mischler Financial Group, Inc., Nordea Bank Abp and UniCredit Capital Markets LLC
|
| Trustee: | Citibank, NA
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| Counsel to issuer: | Sullivan & Cromwell LLP and Anderson Mori & Tomotsune
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| Counsel to bookrunners: | Simpson Thacher & Bartlett LLP
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| Trade date: | Jan. 4
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| Settlement date: | Jan. 11
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| Ratings: | Moody’s: Baa1
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| S&P: BBB+
|
|
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| 2026 Notes
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| Amount: | $600 million
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| Maturity: | Jan. 9, 2026
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| Coupon: | 5.709%
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| Price: | Par
|
| Yield: | 5.709%
|
| Spread: | Treasuries plus 160 bps
|
| Cusip: | 65535HBG3
|
|
|
| 2028 Notes
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| Amount: | $550 million
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| Maturity: | Jan. 18, 2028
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| Coupon: | 5.842%
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| Price: | Par
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| Yield: | 5.842%
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| Spread: | Treasuries plus 200 bps
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| Cusip: | 65535HBH1
|
|
|
| 2033 Notes
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| Amount: | $750 million
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| Maturity: | Jan. 18, 2033
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| Coupon: | 6.181%
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| Price: | Par
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| Yield: | 6.181%
|
| Spread: | Treasuries plus 250 bps
|
| Cusip: | 65535HBK4
|
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