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

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

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

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

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.