MUFG sets prices to redeem $1.1 billion 2.25%, 3% notes due 2020, 2025

By Wendy Van Sickle

Columbus, Ohio, Nov. 5 – MUFG Americas Holdings Corp. announced the prices at which it will redeem on Nov. 8 all $1 billion of its 2.25% senior notes due 2020 and $100 million of its $500 million 3% senior notes due 2025.

For each series of notes notes, the redemption price per $1,000 of notes will be par.

The price for the 2020 notes was based on a Treasury rate of 2.818137%, and the price for the 2025 notes was based on a Treasury rate of 3.102868%.

Additionally, $5.5 million and $733,333 in total accrued interest will be pad for the 2020 and the 2025 notes, respectively.

The issuer announced on Oct. 5 that it would redeem the notes at par plus a make-whole premium and interest up to and including the redemption date.

Following the redemption, there will be $400 million of the 2025 notes remaining.

Bank of New York Mellon Trust Co., NA is the trustee.

The financial services company is a subsidiary of Tokyo-based Mitsubishi UFJ Financial Group, Inc.

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