TOKYO -- Japanese megabank Mitsubishi UFJ Financial Group has decided to delay an issuance of yen-denominated additional tier 1 bonds planned for late April until at least mid-May, to sound out investor demand after Credit Suisse's AT1 bonds were wiped out as part of its rescue by UBS.
Mitsubishi UFJ Morgan Stanley Securities, the lead underwriter, announced the postponement on Monday. Funds raised by the planned issuance would be counted as core capital, complementing shareholder's equity and retained earnings.
