MUFG Plans to Offer Covid-19 Bonds to Individual Investors
- Bank plans to issue notes to help with pandemic response
- Covid-19 crisis is boosting sales of debt to help society
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Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the Covid-19 pandemic.
Mitsubishi UFJ Financial Group Inc. intends to issue sustainability bonds totaling as much as 150 billion yen ($1.42 billion) in September, after receiving requests from retail buyers following a sale of such notes to institutional investors in June, according to Isamu Murofushi, a bank spokesman.