At the expense of selling a substantial amount of shares, Nomura Holdings has allocated some $1.9bn. This is the biggest sale in the Japanese stock market in 11 months. At the same time, Market Leader reports that the yield spread has declined down to the lowest level in 11 month.
Nomura Holdings is Japan’s biggest broking companies. Its offer included 5-year bonds to the amount of 69bn yen. The yield reached 0.853%.
At the same time, Takeda Pharmaceutical Co., Japan’s biggest pharmaceutical company, placed its shares to the amount of 190bn yen in March 2012.
All in all, Nomura Holdings has placed 66.5bn yen in 5-year bonds with a 0,605% yield.
The chart below, courtesy of , reflects the current state of affairs in the market of NMR:
