Mitsubishi UFJ Lease & Finance Said to be Marketing Sale of Dim Sum Bonds
Mitsubishi UFJ Lease & Finance Co. (8593) is marketing its second sale of yuan-denominated bonds in Hong Kong, according to a person familiar with the matter.
The company, 20 percent owned by trading company Mitsubishi Corp., plans to sell 300 million yuan ($47.6 million) of three- year notes, said the person, who asked not to be identified because the details are private. The Reg S bonds will price to yield 3.75 percent to 4 percent, the person said.
Tsutomu Yamanishi, a spokesperson for the company in Tokyo, declined to confirm the bond sale when contacted today.
BNP Paribas SA, Citigroup Inc. and Morgan Stanley are managing the sale, which may price as soon as today, the person said.
The Japanese company raised 200 million yuan from a 1.65 percent Dim Sum note it sold in March. That bond matures in April 2013.
To contact the reporter on this story: Rachel Evans in Hong Kong at revans43@bloomberg.net
To contact the editor responsible for this story: Beth Thomas at bthomas1@bloomberg.net
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