Nomura Holdings has appointed Kuwait Finance House (Malaysia) Berhad (KFHMB) as mandated lead arranger for its proposed Sukuk issuance of $100 million in two-year trust certificates.

Standard & Poor’s assigned a ‘BBB+’ preliminary rating to the issuance, reflecting the credit risk of Nomura Holdings. The move marked the agency’s first rating of a Sukuk, or Arabic financial certificate, with a sponsor company based in Japan.

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