[6-K] Nomura Holdings, Inc Current Report (Foreign Issuer)
Nomura Holdings, Inc. (NYSE: NMR) filed a Form 6-K with the U.S. SEC that primarily furnishes exhibits related to prospective U.S. dollar-denominated debt offerings. The filing attaches:
- $1.0 billion 7.000% Fixed-Rate Resetting Perpetual Subordinated Debt Securities – governed by a newly executed perpetual subordinated indenture with Citibank, N.A. as trustee.
- $750 million 4.904% Senior Fixed-Rate Notes due 2030.
- $500 million 5.491% Senior Fixed-Rate Notes due 2035.
- Legal opinions from Sullivan & Cromwell LLP and Anderson Mori & Tomotsune covering validity and enforceability of each security.
Nomura Holdings, Inc. (NYSE: NMR) ha depositato un modulo 6-K presso la SEC degli Stati Uniti che principalmente fornisce allegati relativi a potenziali offerte di debito denominate in dollari statunitensi. Il deposito include:
- Obbligazioni subordinate perpetue a tasso fisso reset 7,000% per 1,0 miliardi di dollari – regolate da un nuovo atto di vincolo perpetuo subordinato con Citibank, N.A. come trustee.
- Note senior a tasso fisso 4,904% per 750 milioni di dollari con scadenza 2030.
- Note senior a tasso fisso 5,491% per 500 milioni di dollari con scadenza 2035.
- Pareri legali di Sullivan & Cromwell LLP e Anderson Mori & Tomotsune che attestano validità ed esecutività di ciascun titolo.
Nomura Holdings, Inc. (NYSE: NMR) presentó un Formulario 6-K ante la SEC de EE.UU. que principalmente proporciona anexos relacionados con posibles emisiones de deuda denominadas en dólares estadounidenses. La presentación incluye:
- Valores de deuda subordinada perpetua con tasa fija reajustable del 7.000% por 1.000 millones de dólares, regulados por un nuevo contrato perpetuo subordinado con Citibank, N.A. como fiduciario.
- Notas senior a tasa fija del 4.904% por 750 millones de dólares con vencimiento en 2030.
- Notas senior a tasa fija del 5.491% por 500 millones de dólares con vencimiento en 2035.
- Opiniones legales de Sullivan & Cromwell LLP y Anderson Mori & Tomotsune que cubren la validez y ejecutabilidad de cada valor.
Nomura Holdings, Inc. (NYSE: NMR)는 미국 증권거래위원회(SEC)에 Form 6-K를 제출했으며, 주로 미국 달러 표시 부채 발행과 관련된 서류를 포함하고 있습니다. 제출 서류에는 다음이 포함됩니다:
- 10억 달러 규모, 7.000% 고정금리 리셋 영구 후순위 채권 – Citibank, N.A.가 수탁자로서 새로 체결된 영구 후순위 채권 계약에 따라 관리됩니다.
- 7억 5천만 달러, 4.904% 고정금리 선순위 채권, 2030년 만기.
- 5억 달러, 5.491% 고정금리 선순위 채권, 2035년 만기.
- Sullivan & Cromwell LLP 및 Anderson Mori & Tomotsune의 법률 의견서로, 각 증권의 유효성과 집행 가능성을 다룹니다.
Nomura Holdings, Inc. (NYSE : NMR) a déposé un formulaire 6-K auprès de la SEC américaine, fournissant principalement des annexes relatives à des émissions potentielles de dette libellée en dollars américains. Le dépôt comprend :
- 1,0 milliard de dollars de titres de dette subordonnée perpétuelle à taux fixe réinitialisable de 7,000 % – régis par un acte de fiducie subordonné perpétuel nouvellement exécuté avec Citibank, N.A. en tant que fiduciaire.
- 750 millions de dollars de billets seniors à taux fixe de 4,904 % échéant en 2030.
- 500 millions de dollars de billets seniors à taux fixe de 5,491 % échéant en 2035.
- Avis juridiques de Sullivan & Cromwell LLP et Anderson Mori & Tomotsune couvrant la validité et la force exécutoire de chaque titre.
Nomura Holdings, Inc. (NYSE: NMR) hat bei der US-SEC ein Formular 6-K eingereicht, das hauptsächlich Anlagen zu geplanten USD-denominierten Schuldtiteln enthält. Die Einreichung umfasst:
- 1,0 Milliarden US-Dollar 7,000% Festzins mit Reset, unbefristete nachrangige Schuldverschreibungen – geregelt durch eine neu abgeschlossene unbefristete nachrangige Urkunde mit Citibank, N.A. als Treuhänder.
- 750 Millionen US-Dollar 4,904% Senior Festzinsanleihen mit Fälligkeit 2030.
- 500 Millionen US-Dollar 5,491% Senior Festzinsanleihen mit Fälligkeit 2035.
- Rechtsgutachten von Sullivan & Cromwell LLP und Anderson Mori & Tomotsune zur Gültigkeit und Durchsetzbarkeit der jeweiligen Wertpapiere.
- None.
- None.
Insights
TL;DR: Nomura pre-positions $2.25 B of USD debt; neutral impact, improves funding flexibility but adds potential leverage.
The 6-K is chiefly administrative, supplying indentures, note forms and legal opinions so Nomura can tap U.S. markets under its F-3 shelf. A $1 B perpetual subordinated at 7% could be classified as AT1 capital, strengthening loss-absorbing buffers without diluting shareholders. The 4.904% 2030 and 5.491% 2035 senior notes extend average debt maturity at fixed coupons below current long-term JPY funding spreads after FX swap, arguably attractive. However, the high absolute coupon on the perpetual reflects investor risk perception and would lock in a sizeable cost of capital until first reset. Because the instruments are not yet issued, the immediate balance-sheet effect is nil; impact will depend on sizing and use of proceeds upon launch. Overall, this is neutral to mildly positive for credit investors and has minimal near-term effect on equity valuation.
TL;DR: Filing facilitates AT1 issuance, modestly strengthens regulatory ratios once executed.
Under Basel III, perpetual subordinated notes with discretionary coupon can qualify as Additional Tier 1. Assuming full issuance and regulatory recognition, Nomura’s CET1 ratio would remain unchanged, but total capital ratio could rise ~40 bps. The legal opinions included satisfy U.S. disclosure rules, accelerating time-to-market. Because no issuance date or pricing beyond initial coupons is set, this is not immediately impactful, yet it enhances optionality should market windows open. Investors should monitor future 424B filings for final terms and capital impact.
Nomura Holdings, Inc. (NYSE: NMR) ha depositato un modulo 6-K presso la SEC degli Stati Uniti che principalmente fornisce allegati relativi a potenziali offerte di debito denominate in dollari statunitensi. Il deposito include:
- Obbligazioni subordinate perpetue a tasso fisso reset 7,000% per 1,0 miliardi di dollari – regolate da un nuovo atto di vincolo perpetuo subordinato con Citibank, N.A. come trustee.
- Note senior a tasso fisso 4,904% per 750 milioni di dollari con scadenza 2030.
- Note senior a tasso fisso 5,491% per 500 milioni di dollari con scadenza 2035.
- Pareri legali di Sullivan & Cromwell LLP e Anderson Mori & Tomotsune che attestano validità ed esecutività di ciascun titolo.
Nomura Holdings, Inc. (NYSE: NMR) presentó un Formulario 6-K ante la SEC de EE.UU. que principalmente proporciona anexos relacionados con posibles emisiones de deuda denominadas en dólares estadounidenses. La presentación incluye:
- Valores de deuda subordinada perpetua con tasa fija reajustable del 7.000% por 1.000 millones de dólares, regulados por un nuevo contrato perpetuo subordinado con Citibank, N.A. como fiduciario.
- Notas senior a tasa fija del 4.904% por 750 millones de dólares con vencimiento en 2030.
- Notas senior a tasa fija del 5.491% por 500 millones de dólares con vencimiento en 2035.
- Opiniones legales de Sullivan & Cromwell LLP y Anderson Mori & Tomotsune que cubren la validez y ejecutabilidad de cada valor.
Nomura Holdings, Inc. (NYSE: NMR)는 미국 증권거래위원회(SEC)에 Form 6-K를 제출했으며, 주로 미국 달러 표시 부채 발행과 관련된 서류를 포함하고 있습니다. 제출 서류에는 다음이 포함됩니다:
- 10억 달러 규모, 7.000% 고정금리 리셋 영구 후순위 채권 – Citibank, N.A.가 수탁자로서 새로 체결된 영구 후순위 채권 계약에 따라 관리됩니다.
- 7억 5천만 달러, 4.904% 고정금리 선순위 채권, 2030년 만기.
- 5억 달러, 5.491% 고정금리 선순위 채권, 2035년 만기.
- Sullivan & Cromwell LLP 및 Anderson Mori & Tomotsune의 법률 의견서로, 각 증권의 유효성과 집행 가능성을 다룹니다.
Nomura Holdings, Inc. (NYSE : NMR) a déposé un formulaire 6-K auprès de la SEC américaine, fournissant principalement des annexes relatives à des émissions potentielles de dette libellée en dollars américains. Le dépôt comprend :
- 1,0 milliard de dollars de titres de dette subordonnée perpétuelle à taux fixe réinitialisable de 7,000 % – régis par un acte de fiducie subordonné perpétuel nouvellement exécuté avec Citibank, N.A. en tant que fiduciaire.
- 750 millions de dollars de billets seniors à taux fixe de 4,904 % échéant en 2030.
- 500 millions de dollars de billets seniors à taux fixe de 5,491 % échéant en 2035.
- Avis juridiques de Sullivan & Cromwell LLP et Anderson Mori & Tomotsune couvrant la validité et la force exécutoire de chaque titre.
Nomura Holdings, Inc. (NYSE: NMR) hat bei der US-SEC ein Formular 6-K eingereicht, das hauptsächlich Anlagen zu geplanten USD-denominierten Schuldtiteln enthält. Die Einreichung umfasst:
- 1,0 Milliarden US-Dollar 7,000% Festzins mit Reset, unbefristete nachrangige Schuldverschreibungen – geregelt durch eine neu abgeschlossene unbefristete nachrangige Urkunde mit Citibank, N.A. als Treuhänder.
- 750 Millionen US-Dollar 4,904% Senior Festzinsanleihen mit Fälligkeit 2030.
- 500 Millionen US-Dollar 5,491% Senior Festzinsanleihen mit Fälligkeit 2035.
- Rechtsgutachten von Sullivan & Cromwell LLP und Anderson Mori & Tomotsune zur Gültigkeit und Durchsetzbarkeit der jeweiligen Wertpapiere.
