MUFG picks MTNs to make euro TLAC debut
MUFG this week issued its first euro denominated holdco bond from an MTN programme set up for the purpose, as it bids to diversify its sources of total loss-absorbing capacity (TLAC) eligible funding.
MUFG printed the €200m four year bond on Tuesday. The bond carries a coupon of 0.4% and was priced at par. The trade was sold to a single investor.
All of MUFG’s previous TLAC transactions have been public deals in dollars, issued under standalone SEC documentation....
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