Mitsubishi UFJ Financial Group Inc. launched its cash tender offers to repurchase two series of notes due March 1, 2021.
The bank said Feb. 26 that the tender offers are part of its strategy to manage its balance sheet and to reduce interest expenses and improve the efficiency of its capital structure.
The bank is offering to purchase up to US$850 million of its 2.95% fixed-rate notes and up to US$150 million of its floating-rate notes. The tender offers will expire March 23.
