MUFG
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ESG presents a huge challenge to Asian issuers, but sustainability-linked bonds are primed to take a bigger role
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MUFG hires new investment grade finance director for Germany and Austria
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◆ Japanese lender moves first in dollars before CPI roils rate cut expectations ◆ Conditions stabilise by Thursday as Jefferies brings its largest bond ◆ New supply to follow April 12 bank earnings
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Firm wants to grow in US leveraged credit
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First EMEA green Samurai offers “a new structure in sustainable finance”
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Head of finance 'convinced' green hybrids provide a greenium
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Steep rise in hybrid yields makes companies look for ways out of replacement obligation
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◆ Bank pushes forward to raise capital outside of home market ◆ $750m deal rumoured close to 15 times covered at peak book ◆ Deal benefits from government support making it different to other AT1s
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◆ Investors primed to book US financials amid supply scarcity ◆ US banks lift $22.7bn in three days ◆ US Bancorp joins on Thursday, MUFG adds ultra-popular Yankee AT1
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◆ Bank pushes forward to raise capital outside of home market ◆ $750m deal attracts $7.5bn demand by New York open ◆ Deal benefits from government support making it different to other AT1s
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◆ Improved mood spurs issuers to raise strategic capital ◆ MUFG prepares Japan's first dollar AT1 since Crédit Suisse collapse ◆ Crédit Agricole Assurances to 'optimise' capital with new tier two and buybacks
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Pressure to increase returns is driving international expansion as Japanese banks position for growth and hopes rise of more M&A activity from their domestic clients