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Daiwa Securities Group's ZAR- And AUD-Denominated Straight Bonds Rated 'BBB' Oct 11 Product Image

Daiwa Securities Group's ZAR- And AUD-Denominated Straight Bonds Rated 'BBB' Oct 11

  • ID: 1928134
  • October 2011
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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