Central Japan Railway stock sales handled by Nomura, UBS

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Tuesday April 12, 04:42

Central Japan Railway stock sales handled by Nomura, UBS

(by Sh.Nakata)

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Central Japan Railway stock sales handled by Nomura, UBS

Stock sales of Central Japan Railway Co., the nation’s leading bullet train operator, will be handled by Japan’s biggest securities firm Nimura Holdings and No.1 Swiss bank UBS.

The two companies were asked to handle the largest Japanese stock offering in four years. Japanese government hired Nomura and UBS to sell $7.3 billion of CJR in the stock offering.

UBS and Nomura will earn as much as 13 billion yen ($121 million) in fees, 1.6% of the proceeds.

The warrant will help Nomura expand on equity underwriting market. UBS, the world’s third-largest stock sale manager, is also expected to benefit from the sale.

The stock sale is the largest in Japan since the nation’s biggest mobile phone company NTT DoCoMo Inc. sold 950 billion yen of shares in 2001.

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