MUFG follows BBVA with Covid-19 response bond in euros

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By David Freitas
03 Jun 2020

Mitsubishi UFJ Financial Group (MUFG) has become the second bank to issue a Covid-19 bond in the euro market following the example set by BBVA in May.

The Japanese issuer said in mid May that it intended to issue a ¥60bn ($540m) Covid-19 response bond in a foreign currency.

The deal arrived on Tuesday, with MUFG having selected its own investment bank and Morgan Stanley to run the sale of a €500m four year social bond in euros.

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