MUFG set to bring debut TLAC bond to Asia

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By Narae Kim
18 Feb 2016

With Mitsubishi UFJ Financial Group set to issue Asia's first bond to meet total loss-absorbing capacity (TLAC) requirements by the end of this month, market participants are trying to gauge its impact. It will set a benchmark in Asia but many banks from other parts of the region still have a long way to go before they will be ready to sell the new form of capital. Narae Kim reports.

Having wrapped up investor meetings and calls earlier this week, A1/A/A rated MUFG is on track for what will open a new chapter in Asia’s capital markets as the first bond to count towards TLAC requirements.

“I have no idea as to the size yet, but I’m hearing ...

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