NBF's equity sale succeeds as Japan holds up
Better market conditions in Japan, with the Nikkei 225 trading 10% above recent lows, helped the roughly ¥44bn ($411m) capital raising effort from Japan’s leading J-Reit, Nippon Building Fund (NBF), conclude as planned.
Residential J-Reit Nomura Residential Fund is also in the market for about ¥17bn of new funds, while bankers in Tokyo report the pre-marketing for the Seven Bank IPO is advancing.
Nomura acting as issuer and lead launched the NBF capital raising on January 16. It priced the
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