TOKYO -- Japan's Mitsubishi UFJ Financial Group will issue a corporate bond in response to the coronavirus pandemic, a first for the country.
The financial services behemoth aims to issue a 60 billion yen ($559 million) bond by early June. Funds raised through the bond will be used to help finance small and medium-sized businesses that are struggling amid the outbreak. MUFG will target investors who focus on environmental, social and governance, or ESG, factors in their investment management.
