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WEALTH MANAGEMENT | Cesar Tordesillas, Singapore
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Nomura reduces bond price

Nomura adjusted the conversion price for its First Series of Unsecured Subordinated Convertible Bonds from 745 yen to 439.8 yen effective 12 March.

The bonds, which have stock acquisition rights, were issued by Nomura Holdings Inc. on 16 December 2008.

The adjustment, which is necessary under the covenant for adjusting the conversion price of the bonds, is in response to the issuance of new shares of common stock on 11 March 2009, as resolved at a meeting of Nomura’s Executive Management Board on 23 February 2009.

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