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Nomura America Finance plans step-up notes with 4% initial rate
By Jennifer Chiou
New York, Aug. 11 – Nomura America Finance, LLC plans to price callable step-up notes due Aug. 28, 2029, according to an FWP with the Securities and Exchange Commission.
The coupon is 4% for the first 10 years. It will step up to 4.5% on Aug. 28, 2024 and to 5% on Aug. 28, 2026. Interest is payable semiannually.
The payout at maturity will be par.
The notes will be callable on any interest payment date after one year.
The notes (Cusip: 65539ABF6) will price on Aug. 25 and settle on Aug. 28.
Nomura Securities International, Inc. is the agent.
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