Mitsubishi UFJ Financial Group $5 billion senior TLAC notes issues

Overview:

• Mitsubishi UFJ Financial Group has issued $5 billion in senior notes.
• The issues consisted of $400 million floating rate senior notes due March 1 2021, $2.1 billion 2.95% senior notes due March 1 2021, and $2.5 billion 3.85% senior notes due March 1 2026.
• The deal is the first TLAC (total loss-absorbing capacity) issue by a Japanese bank.
• JPMorgan, Morgan Stanley and Mitsubishi UFJ Financial Group acted as underwriters.

Sam Duke - Editor