Mitsubishi UFJ plans sale of fixed-to-fixed reset notes due 2024

Chicago, Sept. 8 – Mitsubishi UFJ Financial Group, Inc. is planning to sell callable fixed-to-fixed reset rate notes due September 2024, according to a 424B5 filing with the Securities and Exchange Commission.

The reset date for the interest rate will be in September 2023.

Interest will be paid semiannually.

The notes can be redeemed at par plus interest in September 2023.

Joint lead managers and joint bookrunners for the offering are Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and MUFG.

Proceeds will be used to fund the operations of the bank through a loan that is intended to qualify as internal total loss-absorbing and recapitalization capacity.

The bank is based in Tokyo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.