nomura-seeks-capital-consolidates-lehman-acquisition

Nomura seeks capital, consolidates Lehman acquisition

Nomura appoints just one ex-Lehman banker to a senior post, as it plans to raise $4.3 billion in debt.
Nomura moved forward on Monday to calm speculation on the role of ex-Lehman bankers now working for Nomura, and also said it will raise fresh capital from the issuance of bonds and convertible bonds to consolidate its precarious financial position. The combined sale will reportedly bring in Ñ410 billion $4.3 billion, of which the convertible bonds will comprise Ñ110 billion.

The Japanese investment bank needs cash after acquiring most of Lehman Brothers' operations in Asia-Pacific and Europe after the Wall Street firm went bankrupt. The acquisitions weren't that costly in themselves, but eager to keep the best talent, the Japanese bank offered the top 500 staff at Lehman in Asia a flat bonus versus...
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