nomura-seeks-capital-consolidates-lehman-acquisition

Nomura seeks capital, consolidates Lehman acquisition

Nomura appoints just one ex-Lehman banker to a senior post, as it plans to raise $4.3 billion in debt.
Nomura moved forward on Monday to calm speculation on the role of ex-Lehman bankers now working for Nomura, and also said it will raise fresh capital from the issuance of bonds and convertible bonds to consolidate its precarious financial position. The combined sale will reportedly bring in Ñ410 billion $4.3 billion, of which the convertible bonds will comprise Ñ110 billion.

The Japanese investment bank needs cash after acquiring most of Lehman Brothers' operations in Asia-Pacific and Europe after the Wall Street firm went bankrupt. The acquisitions weren't that costly in themselves, but eager to keep the best talent, the Japanese bank offered the top 500 staff at Lehman in Asia a flat bonus versus...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222