MUFG prepares four-part offer of floating-rate, fixed-to-fixed notes

Chicago, July 11 – Mitsubishi UFJ Financial Group, Inc. is preparing an offering of four senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

The bank will be offering two notes due in July 2025.

The first part will be callable floating-rate notes with the companion tranche as senior callable fixed-to-fixed reset rate notes.

The bank will also offer senior callable fixed-to-fixed reset rate notes due in 2028 and 2033.

All of the notes are callable one year before their maturity dates.

The three reset notes will reset the interest rates one year before their maturity dates.

Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. are leading the sale.

Bookrunners also include Citigroup Global Markets Inc., J.P. Morgan Securities LLC and BofA Securities, Inc.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Nagashima Ohno & Tsunematsu are advising the issuer.

Simpson Thacher & Bartlett LLP is working as counsel to the bookrunners.

Bank of New York Mellon is the trustee.

Proceeds from the notes will be used to fund the operations of the bank and Mitsubishi UFJ Trust and Banking Corp. through loans that are 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.