trending Market Intelligence /marketintelligence/en/news-insights/trending/g64hU1HwZZ8bZaG1HR2TJA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

MUFG Union Bank issues $1B of fixed-, floating-rate bank notes

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

MUFG Union Bank issues $1B of fixed-, floating-rate bank notes

MUFG Union Bank NA on Dec. 9 closed a two-tranche, $1 billion offering of bank notes.

The bank issued $700 million in fixed-rate bank notes with an annual 2.10% coupon and $300 million in floating-rate bank notes with a coupon tied to the secured overnight financing rate, plus 0.710%. Both tranches of notes mature Dec. 9, 2022.

MUFG Union Bank can redeem the fixed-rate notes, in whole or in part, at any time on or after June 9, 2020. The company can redeem the floating-rate notes, in whole but not in part, on or after Nov. 9, 2022.

The company intends to use net proceeds from the offering for general corporate purposes, which include working capital and capital expenditures.

MUFG Securities Americas Inc., the billing and delivering agent, and Morgan Stanley & Co. LLC were joint book runners for the offering. Citigroup Global Markets Inc. served as passive joint book runner. Academy Securities Inc., BofA Securities Inc., Barclays Capital Inc. and Wells Fargo Securities LLC were co-managers for the offering.