By Andrea Heisinger
New York, Feb. 25 - Nomura Holdings, Inc. sold $3 billion of senior notes (Baa2/BBB+/) in two tranches on Thursday in its first dollar-denominated offering in the U.S. market, according to an informed source and an FWP filing with the Securities and Exchange Commission.
The sale, which went overnight after being announced early on Wednesday, priced late Thursday.
A $1.5 billion tranche of 5% five-year notes priced at 99.686 to yield 275 basis points over Treasuries. This is wide to initial price whispers in the 262.5 bps area, a source said late on Wednesday.
The $1.5 billion of 6.7% 10-year notes sold at 99.791 with a spread of Treasuries plus 310 bps. They were talked at the 287.5 bps area and priced wide to that talk.
The notes are non-callable.
There appeared to be wide interest in the sale as of early Thursday, a source said, with about $10 billion on the books.
Proceeds are being used for general corporate purposes.
Nomura Securities is the bookrunner, with Bank of America Merrill Lynch and Citigroup Global Markets as senior co-managers.
The financial services company is based in Tokyo.
| Issuer: | Nomura Holdings, Inc.
|
| Issue: | Senior notes
|
| Amount: | $3 billion
|
| Bookrunner: | Nomura Securities
|
| Senior co-managers: | Bank of America Merrill Lynch, Citigroup Global Markets
|
| Trade date: | Feb. 25
|
| Settlement date: | March 4
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
|
|
| Five-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | March 4, 2015
|
| Coupon: | 5%
|
| Price: | 99.686
|
| Spread: | Treasuries plus 275 bps
|
| Call: | Non-callable
|
| Price talk: | 262.5 bps area (whispered)
|
|
|
| 10-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | March 4, 2020
|
| Coupon: | 6.7%
|
| Price: | 99.791
|
| Spread: | Treasuries plus 310 bps
|
| Call: | Non-callable
|
| Price talk: | 287.5 bps area (whispered)
|
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