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Mitsubishi UFJ Financial to raise €350M in note issue: Fitch

Mitsubishi UFJ Financial Group Inc. plans to raise €350 million through an issuance of senior unsecured notes, Fitch Ratings said.

The notes are likely to be issued May 30 and are expected to count toward the company's total loss-absorbing capacity requirements, which come into effect end-March 2019.

Proceeds from the issue will be distributed fully to the company's operating subsidiaries as obligations that rank pari passu with other senior unsecured obligations of the operating subsidiaries.