Nomura Holdings Files 6-K with Debt Offering Details
Ticker: NRSCF · Form: 6-K · Filed: Jul 3, 2024 · CIK: 1163653
Sentiment: neutral
Topics: debt-offering, senior-notes, capital-raising
TL;DR
Nomura just dropped a 6-K detailing $2B in new senior notes due 2027 and $1B due 2034. Debt issuance incoming.
AI Summary
Nomura Holdings, Inc. filed a Form 6-K on July 3, 2024, to report information furnished to the SEC. The filing includes details on several senior notes offerings: $500,000,000 in Senior Floating Rate Notes due 2027, $500,000,000 in 5.594% Senior Fixed Rate Notes due 2027, and $1,000,000,000 in 5.783% Senior Fixed Rate Notes due 2034. The report also incorporates legal opinions from Sullivan & Cromwell LLP and Anderson Mori & Tomotsune.
Why It Matters
This filing provides transparency into Nomura's capital raising activities, specifically detailing significant debt issuances that could impact its financial leverage and future interest expenses.
Risk Assessment
Risk Level: medium — The filing details significant debt issuances, which can increase financial leverage and interest rate risk for the company.
Key Numbers
- $2.0B — Senior Notes Issued (Includes $500M Floating Rate Notes due 2027 and $500M Fixed Rate Notes due 2027.)
- $1.0B — Senior Fixed Rate Notes Issued (Notes due 2034 with a 5.783% interest rate.)
Key Players & Entities
- Nomura Holdings, Inc. (company) — Registrant
- $500,000,000 (dollar_amount) — Senior Floating Rate Notes due 2027
- $500,000,000 (dollar_amount) — 5.594% Senior Fixed Rate Notes due 2027
- $1,000,000,000 (dollar_amount) — 5.783% Senior Fixed Rate Notes due 2034
- Sullivan & Cromwell LLP (company) — Legal counsel providing opinion
- Anderson Mori & Tomotsune (company) — Legal counsel providing opinion
FAQ
What is the total principal amount of the senior notes being issued?
The total principal amount is $2,000,000,000, comprising $500,000,000 in Senior Floating Rate Notes due 2027 and $500,000,000 in 5.594% Senior Fixed Rate Notes due 2027, plus $1,000,000,000 in 5.783% Senior Fixed Rate Notes due 2034.
What are the maturity dates for the new senior notes?
The Senior Floating Rate Notes and the 5.594% Senior Fixed Rate Notes mature in 2027, while the 5.783% Senior Fixed Rate Notes mature in 2034.
Which law firms provided legal opinions for these note offerings?
Sullivan & Cromwell LLP and Anderson Mori & Tomotsune provided legal opinions, which are incorporated by reference into this Form 6-K.
What is the interest rate on the $1,000,000,000 Senior Fixed Rate Notes?
The interest rate on the $1,000,000,000 Senior Fixed Rate Notes due 2034 is 5.783%.
What type of filing is this Form 6-K?
This is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, for the month of July 2024.
Filing Stats: 236 words · 1 min read · ~1 pages · Grade level 7.3 · Accepted 2024-07-03 11:36:48
Key Financial Figures
- $500,000,000 — IBIT Exhibit Number 4.14. Form of $500,000,000 Senior Floating Rate Notes due 2027 4
- $1,000,000,000 — d Rate Notes due 2027 4.16. Form of $1,000,000,000 5.783% Senior Fixed Rate Notes due 2034
Filing Documents
- d833663d6k.htm (6-K) — 10KB
- d833663dex414.htm (EX-4.14) — 88KB
- d833663dex415.htm (EX-4.15) — 49KB
- d833663dex416.htm (EX-4.16) — 48KB
- d833663dex511.htm (EX-5.11) — 11KB
- d833663dex512.htm (EX-5.12) — 17KB
- g833663g0701154836089.jpg (GRAPHIC) — 3KB
- g833663g0701154836269.jpg (GRAPHIC) — 5KB
- g833663g0701175713366.jpg (GRAPHIC) — 3KB
- 0001193125-24-174817.txt ( ) — 240KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NOMURA HOLDINGS, INC. Date: July 3, 2024 By: /s/ Kenichiro Asano Kenichiro Asano Managing Director Treasury Department