Published Date:
23 November 2008
NOMURA, the Japanese bank which has bought part of Lehman Brothers' London operations, is expected to raise new capital following the £1.35bn deal.
Tokyo newspapers yesterday reported that Nomura is likely to issue subordinated loans and other financial products to insurance firms and trading houses in an attempt to bolster its capital base against the ongoing financial storm.
The capital raising is expected to stretch to hundreds of billions of yen.
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Last Updated:
22 November 2008 2:03 PM
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Source:
Scotland On Sunday
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Location:
Scotland
