Japan share sales burst to life as MUFG lines up $11bn

19 Nov 2009

Mitsubishi UFJ Financial Group confirmed plans for a share sale worth as much as ¥1tr ($11bn) on Wednesday in the latest big stock offering in Japan's resurgent equity capital markets.

MUFG said after the market closed that it had made a filing that would allow it to sell common stock in the next 12 months, confirming widespread speculation of the record share sale.

Nomura, JPMorgan, Morgan Stanley and Daiwa Securities SMBC will manage the offering alongside its own ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial