US bond buyers find a taste for Japan in Nomura debut

25 Feb 2010

Nomura Holdings made an impressive debut in the dollar bond market late on Thursday night, raising $3bn in a deal that was largely driven by US investors.

The bond was split between a $1.5bn five year tranche, paying 275bp over Treasuries, and a $1.5bn 10 year note, paying a 310bp spread. Nomura was the sole lead for the issue, and built an order book worth more than $10bn.The borrower had largely focused on generating US ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial