nomura-stung-by-madoff

Nomura stung by Madoff

But a Ñ300 billion bond offering, which closes on December 25, is reportedly unaffected.
December 15, 2008
A Nomura source has told FinanceAsia that Nomura's Ñ300 billion $3.2 billion bond offering, which opened last Friday and closes on Christmas day, has so far not been affected by the investment bank's exposure to the failed New York securities firm of Bernard Madoff. According to an official statement released by Nomura Holdings yesterday, the exposure amounts to Ñ27.5 billion, which it ruled as ænon-materialÆ. However, given it is only the second day of the offer period, it will be interesting to follow developments over the next few days.

Bernard Madoff was arrested last Thursday in New York for allegedly creating a Ponzi scheme via his firm Bernard L. Madoff Investment Securities. Total losses...
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