Mitsubishi UFJ Raises $2.25 Billion in Four-Part Dollar OfferingSarika Gangar
Mitsubishi UFJ Financial Group Inc., Japan’s biggest lender, raised $2.25 billion of bonds in a four-part dollar-denominated offering through lending unit Bank of Tokyo-Mitsubishi UFJ Ltd.
The bank issued three-year notes with $500 million each of floating-rate debt, yielding 45 basis points more than the three-month London interbank offered rate, and 1 percent, fixed-rate securities that yield 60 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg.
Its $750 million of 1.65 percent, five-year bonds pay a relative yield of 80 basis points and $500 million of 3.2 percent, 10-year notes have a 120 basis-point spread.
The bonds are rated Aa3 by Moody’s Investors Service and A+ by Standard & Poor’s, Bloomberg data show.