KDB to oversee won bond issue of Nomura’s subsidiary

[THE INVESTOR]  The Korea Development Bank will oversee the issuance of Nomura International Funding’s won-denominated bonds.

Nomura International Funding is a Singapore-based subsidiary of Nomura Holdings.

The bonds will have 15- and 20-year maturity, and call option will be offered each year after a set period of time, KDB said. 

The total value of the bonds will be 150 billion won (US$ 132.11 million).

Nomura International Funding’s bonds will be the first Arirang bonds -- won-denominated bonds issued by entities based outside South Korea -- to be issued this year.

By Choi He-suk (cheesuk@heraldcorp.com)