NOMURA Holdings Inc is set to retake the top spot for underwriting Japanese corporate bond sales in a year when issuance fell to lowest since 2006 as companies restrained investment.
Japan's largest brokerage managed 1.3 trillion yen (S$15 billion) of offerings by local issuers, or 21.6 per cent of the total to Dec 21. That leaves it poised to eclipse Mizuho Financial Group Inc, last year's leader, for the No 1 spot, excluding self-led deals, Bloomberg-compiled data show. Total corporate bond sales are set to shrink 18 per cent from 2014 to 6.92 trillion yen, the data show.
While Japan avoided slipping into a recession in the third quarter after the government revised up figures this month,...