MUFG launches five-year Australian dollar TLAC-eligible benchmark green bond

Tuesday, 24 September 2019

On 24 September, Mitsubishi UFJ Financial Group (MUFG) (A-/A1/A) launched a new five-year, Australian dollar denominated, total loss-absorbing capacity (TLAC)-eligible, benchmark green-bond transaction, to come in either or both fixed- and floating-rate format. Indicative price guidance for the deal, which is expected to price on the day of launch, is 128 basis points area over swap benchmarks.

ANZ, Morgan Stanley, MUFG Securities, National Australia Bank and Westpac Institutional Bank are leading.