Fitch rates Nomura notes A-

Fitch Ratings said it assigned an A- rating to Nomura Bank International plc's program for the issuance of senior unsecured notes that was renewed on March 14.

The program rating applies only to notes guaranteed by Nomura Holdings, Inc. (A-/stable). It does not cover unguaranteed notes and other instruments issued under the program.

Nomura Bank will issue guaranteed and unguaranteed notes and redeemable certificates of up to $2.5 billion under the program. The notes will constitute direct, unconditional, unsubordinated and unsecured obligations of Nomura Bank, and rank pari passu equally with all other unsecured and unsubordinated obligations.

Proceeds will be used for general corporate purposes.

Fitch said the rating of the guaranteed notes is aligned with the long-term issuer default ratings of Nomura Holdings because the payment of principal, interest and all other amounts payable are unconditionally and irrevocably guaranteed by Nomura Holdings.

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