Nomura Real Estate Holdings Inc. is planning to publicly offer a total of ¥50 billion worth of hybrid bonds across two series.
The ¥30 billion first series and the ¥20 billion second series will carry an initial interest rate of 1.30% per annum and 1.48% per annum, respectively, with corresponding maturities of March 13, 2058, and March 12, 2060.
The interest payment on the bonds is scheduled to be March 13 and September 13 of each year.
The company has an option to redeem ahead of schedule the first series of bonds on or after March 13, 2028, and the second series of bonds on or after March 13, 2030, according to a filing.
Nomura Securities Co. Ltd. is the lead manager for the issue, while Mitsubishi UFJ Morgan Stanley Securities is the independent underwriter, and SMBC Nikko Securities Inc. and Mizuho Securities Co. Ltd. are serving as co-managers.
As of March 5, US$1 was equivalent to ¥105.89.
