Nomura to raise several billion in capital-media

Fri Nov 21, 2008 8:43pm EST
 
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TOKYO, Nov 22 (Reuters) - Nomura Holdings Inc (8604.T) plans to raise several billion dollars to replenish a capital base depleted by the financial crisis and its acquisition of parts of failed Lehman Brothers (LEHMQ.PK), a Japanese broadcaster said.

Nomura, Japan's largest broker, has started sounding out life insurers and other potential investors about raising several hundreds of billions of yen through an issue of subordinated bonds and other means, NHK said, citing unnamed sources.

"Nothing has been decided in relation to the news reports concerning our capital policy," Nomura said in a statement.

Nomura has said it spent $2 billion to take over Lehman Brothers' franchises in the Asia-Pacific region, Europe and the Middle East, and its back-office operations in India.

Its finances have also been damaged by turmoil in the financial markets.

Last month Nomura posted a net loss of 149.5 billion yen ($1.56 billion) for the April-September first half, and warned of potential losses ahead on its exposure to crisis-hit Iceland and stake in Fortress Investment Group (FIG.N). [ID:nT96684] (Reporting by Nathan Layne and Junko Fujita; Editing by Ben Tan)

 

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