TOKYO -- Japan's Mitsubishi UFJ Morgan Stanley Securities sold about 95 billion yen ($712 million) worth of ill-fated Credit Suisse bonds to mostly wealthy domestic clients who saw the value of those investments wiped out when the Swiss bank was rescued by rival UBS, sources said Friday.
Bonds
MUFG clients hit with $700m in losses on Credit Suisse AT1 bonds
Wealthy Japanese customers' investments wiped out in Swiss bank rescue
The bonds sold by Mitsubishi UFJ Morgan Stanley account for about 4% of Credit Suisse's total issuance of AT1 bonds. (Photo by June Watanabe)
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