By Lisa Kerner
Charlotte, N.C., April 20 – Mitsubishi UFJ Financial Group, Inc. released details about its previously announced three-part offering of senior notes (A1/A) as an add-on to the $5 billion of notes priced on Feb. 23, according to a FWP filed with the Securities and Exchange Commission.
Among the add-ons, the issuer sold $500 million of floating-rate senior notes due 2021. The notes priced with a coupon of Libor plus 188 basis points at 102.781 to yield Libor plus 129 bps.
The notes will be issued as additional securities and will be consolidated and form a single series with the $400 million five-year floaters originally priced on Feb. 23.
MUFG also sold a $1 billion add-on to its 2.95% senior notes due 2021. The notes priced at 102.017 to yield 2.505%.
The notes will be issued as additional securities and will be consolidated and form a single series with the $2.1 billion five-year notes due 2021 originally priced on Feb. 23. That original issue priced at 180 bps over Treasuries.
In addition, MUFG sold a $500 million add-on to its 3.85% notes due March 1, 2026 at 104.272 to yield 3.175%, or 155 bps over Treasuries.
The notes due 2026 will form a single series with the $2.5 billion 10-year fixed-rate notes originally priced on Feb. 23 at 215 bps over Treasuries.
Proceeds of the add-ons will be used to fund the operations of the bank through loans and for general corporate purposes.
Morgan Stanley & Co. LLC, MUFG and J.P. Morgan Securities LLC are the joint bookrunners.
The bank is based in Tokyo.
| Issuer: | Mitsubishi UFJ Financial Group, Inc.
|
| Amount: | $2 billion
|
| Description: | Senior notes
|
| Bookrunners: | Morgan Stanley & Co. LLC, MUFG, J.P. Morgan Securities LLC
|
| Co-managers: | BofA Merrill Lynch, Citigroup Global Markets Inc., Barclays, BNP Paribas, HSBC Securities (USA) Inc., Credit Agricole CIB, Deutsche Bank Securities Inc., RBC Capital Markets, LLC, Societe Generale, UBS Securities LLC
|
| Trade date: | April 19
|
| Settlement date: | April 26
|
| Ratings: | Moody’s: A1
|
| Standard & Poor’s: A
|
| Distribution: | SEC registered
|
|
|
| Floating-rate notes
|
| Amount: | $500 million
|
| Maturity: | March 1, 2021
|
| Coupon: | Libor plus 188 bps
|
| Price: | 102.781
|
| Yield: | Libor plus 129 bps
|
| Call: | Non-callable
|
| Price guidance: | Libor plus 129 bps
|
| Total outstanding: | $900 million, including $400 million priced on Feb. 23 at par
|
|
|
| 2.95% notes
|
| Amount: | $1 billion
|
| Maturity: | March 1, 2021
|
| Coupon: | 2.95%
|
| Price: | 102.017
|
| Yield: | 2.505%
|
| Spread: | Treasuries plus 125 bps
|
| Call: | Non-callable
|
| Price guidance: | Treasuries plus 125 bps
|
| Total outstanding: | $3.1 billion, including $2.1 billion priced on Feb. 23 at 180 bps over Treasuries
|
|
|
| 3.85% notes
|
| Amount: | $500 million
|
| Maturity: | March 1, 2026
|
| Coupon: | 3.85%
|
| Price: | 104.272
|
| Yield: | 3.175%
|
| Spread: | Treasuries plus 155 bps
|
| Call: | Non-callable
|
| Price guidance: | Treasuries plus 155 bps
|
| Total outstanding: | $3 billion, including $2.5 billion priced on Feb. 23 at 215 bps over Treasuries
|
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