- Wipe-out of Credit Suisse’s AT1 bonds triggered selloff
- SMFG has started sounding out demand for its riskier bonds
Mitsubishi UFJ Financial Group Inc. is delaying the timing of a planned Additional Tier 1 bond sale to after mid-May following a selloff in such notes globally, triggered by writedowns at Credit Suisse Group AG.
The Japanese bank is planning to go ahead with a two-part AT1 offering in yen, according to an email from underwriter Mitsubishi UFJ Morgan Stanley Securities Co. on Monday. The lender had previously announced its intention to sell the notes from late April onwards.
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