MUFG’s $4 Billion Bond Deal Is Japan’s Biggest This Year
- Mitsubishi UFJ Financial Group sells 570 billion yen of debt
- Three-tranche deal comes as demand for AT1 bonds has rebounded
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Mitsubishi UFJ Financial Group Inc. raised 570 billion yen ($4 billion) worth of debt in what is Japan’s biggest yen bond deal this year.
With yields rising, the lender offered a coupon of 2.127% on the perpetual non-callable 10-year and one-month Additional Tier 1 bonds, underwriter Mitsubishi UFJ Morgan Stanley Securities Co. said. That’s the highest coupon on such notes for the bank since 2015, according to Bloomberg-compiled data.