Nomura Securities this week debuted its first US structured note after months of quietly building out its equity, fixed-income, investment banking and structured products capabilities in New York.
The callable step up note, which sold nearly $1.1m, is being offered through the firm's Nomura America Finance unit. The 15-year note offers an initial interest rate of 4.25% pa for the first six years, then 6% pa for the next five years, and 8% pa for the remaining term. The notes may be called by the provider beginning in 2012.
In late 2008 Nomura purchased the international operations of Lehman Brothers and has been bent on building up its franchises in the Americas ever since.
This past April, Nomura's chief executive officer Kenichi Watanabe said that his goal is to transform the Tokyo, Japan-based brokerage firm into a global financial giant.
A Nomura spokesman had not responded to a request for comment about this structured note.
This new structured note will appear shortly on the US database.