UFJ becomes first bank to miss paying dividend

26 May 2005

Japan's UFJ Bank will fail to pay a scheduled dividend on a $1bn tier one preferred security.

The non-payment on June 30 will not count as a default, since coupons on tier one capital are intended to be deferrable, but will be the first time ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.