After the market-shaking Swiss action to cancel Credit Suisse notes, Mitsubishi UFJ Financial Group Inc (8306.T) would delay the selling of Additional Tier-1 (AT1) bonds from late April to mid-May or later, a representative said on Monday.
Sources warned that volatility may delay the issuance of Mitsubishi UFJ and Sumitomo Mitsui Financial Group Inc (8316. April).
Swiss regulator FINMA wiped out Credit Suisse’s AT1 bonds worth 16 billion francs ($17.35 billion) as part of its rescue by competitor UBS (UBSG.S), startling global credit markets and angering many investors.
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