Nomura Holdings (NMR) was excluded as bond manager for multiple Japanese yen bond deals after authorities found market rule breaches, Bloomberg reported late Sunday, citing underwriter announcements.
The report added that at least four Japanese companies, including Toyota Finance Corp., Sumitomo Mitsui Trust, and Okinawa Development Finance, removed Nomura as bond manager over accusations of manipulation in the government bond futures market.
"We apologize for any inconvenience caused to those involved," Nomura told Bloomberg in an email. "We will work to prevent a recurrence and restore trust."
Nomura did not immediately respond to MT Newswires' request for comment.
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