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JAPAN'S NOMURA EYES FULL ENTRY INTO MORTGAGE-BACKED SECURITIES.
(From Asia Pulse)
TOKYO, Feb 15 Asia Pulse - Nomura Securities Co. plans a full-scale entry into the mortgage-backed securities business as the real estate market in central Tokyo recovers.
The core unit of Nomura Holdings Inc. (TSE:8604) aims to increase the issuance of mortgage-backed securities, such as commercial mortgage-backed securities (CMBC), to at least 100 billion yen (US$951 million) this year from almost zero in 2004.
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