Daiwa Securities Group Completes $1 Billion Offering of Senior Notes

April 19, 2017

S&C client Daiwa Securities Group Inc., one of the leading securities companies in Japan, completed an offering of $1 billion of its 3.129% senior notes due 2022. The offering was made in accordance with Rule 144A and Regulation S, and is the first U.S. dollar-denominated notes offering made by Daiwa Securities Group Inc. Daiwa Securities Group Inc. intends to use the net proceeds of the offering primarily to support the group's operations as working capital.

Daiwa Securities Group Inc. is a global securities and investment banking firm headquartered in Japan and one of the leading securities companies in Japan. It conducts its business in four primary segments: the Retail Division, which provides wealth management services primarily to individual investors; the Wholesale Division, which comprises of Global Markets, which offers sales and trading services in marketable securities mainly for institutional investors, and Global Investment Banking, which provides investment banking services, including securities underwriting, and mergers and acquisitions advisory services; the Asset Management Division, which manages investment trusts for individual investors and provides investment advice and management services to institutional investors; and the Investment Division, which invests capital in corporations using its own funds and forms and manages investment funds using capital provided by its customers. In addition, Daiwa Securities Group Inc. also conducts other businesses, including research and consulting activities, information systems management and banking operations.

The S&C team was led by Izumi Akai and Keiji Hatano, along with Bryce Gray. Lauren Citrome advised on U.S. tax matters.