Daiwa Securities Group's ZAR- And AUD-Denominated Straight Bonds Rated 'BBB' Oct 11
- ID: 1928134
- October 2011
- Standard & Poors
TOKYO (Standard & Poor's) Oct. 3, 2011--Standard & Poor's Ratings Services has assigned its 'BBB' debt ratings to Daiwa Securities Group Inc.'s (BBB/Negative/A-2) South African rand- and Australian dollar-denominated unsecured straight bonds. The 1.346 billion South African rand-denominated bonds, due April 16, 2015, carry a coupon rate of 6.05%; and the 72 million Australian dollar-denominated bonds, also due April 16, 2015, carry a coupon rate of 4.55%. The rating assignment date (kakuzuke-fuyobi) on the bonds under the relevant Japanese legislation is Sept. 29, 2011. Daiwa Securities Group is the holding company of the Daiwa Securities group companies. The rating on Daiwa Securities Group is one notch lower than the ratings on its core subsidiaries, Daiwa Securities Co. Ltd. (BBB+/Negative/A-2) and...
Companies mentioned in this report are:
- Daiwa Securities Group Inc.
Action: New Rating
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Research type: News
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