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Nomura Holdings Inc. is urging investors buy Tokyo Electric Power Co. bonds after a report that the government plans to cap the utility’s cleanup costs at the wrecked Fukushima No. 1 nuclear power plant.

The yield premium on Tepco’s 1.155 percent notes due in 2020 fell to 343.4 basis points over government bonds Friday, its lowest in a month, and down from a record of 699 in September 2011. That compares with an average spread of 461 basis points for debt worldwide with the same B level credit-rating, the least since February 2011, according to Bank of America Merrill Lynch index data.

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