Mitsubishi opens renminbi one week after dollar return

Mitsubishi UFJ Lease & Finance has returned to the international bond market just one week after pricing a dollar bond, this time opting for offshore renminbi.

  • By Lorraine Cushnie
  • 21 Feb 2014

Bookrunners HSBC, Morgan Stanley and RBS on Thursday set initial guidance for the new three year transaction at 3.5%. The issuer has set a target of Rmb500m ($81m), with the proceeds of the new deal being used to refinance the issuer’s existing bonds.

As a comparable, Mitsubishi has one ...

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