Industry News, Trustworthy Insights

Popular Companies:

MUFG Groundbreaking Move into International Capital Markets | Uncovered

MUFG (Mitsubishi UFJ Financial Group Inc.) is set to make history as the first Japanese bank to sell dollar-denominated Additional Tier 1 (AT1) bonds.

Unlike other Japanese banks, which typically issue AT1 bonds in yen due to lower borrowing costs, MUFG aims to diversify its AT1 funding and improve long-term capital management. Photo: Shutterstock
Unlike other Japanese banks, which typically issue AT1 bonds in yen due to lower borrowing costs, MUFG aims to diversify its AT1 funding and improve long-term capital management. Photo: Shutterstock

The move also serves to mitigate foreign-currency risk in their capital ratios, as about one-third of MUFG’s assets are denominated in foreign currency.

To facilitate the offering, MUFG has mandated banks to arrange a series of investor meetings and calls in Asia, Europe, and the U.S. starting on October 16.

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]