Nomura Holdings ¥165 billion AT1 unsecured perpetual subordinated bond issue

Overview:

• Nomura Holdings has issued ¥165 billion in unsecured perpetual subordinated bonds.
• Nomura Securities is acting as underwriter.
• Up to June 15 2021 the bonds pay 3.36% per annum; from June 15 2021 the rate is 6-month yen LIBOR + 3.20%.
• The deal represents the first issue of additional Tier 1 (AT1) bonds by a Japanese securities firm under Basel III.

Sam Duke - Editor