By Cristal Cody
Tupelo, Miss., March 4 – MUFG Union Bank, NA priced $1.3 billion of senior notes (A2/A) in two parts on Monday, according to a market source.
A $300 million tranche of floating-rate notes due March 7, 2022 priced at Libor plus 60 bps.
MUFG Union Bank sold $1 billion of 3.15% notes due April 1, 2022 at a spread of 67 bps over Treasuries.
BofA Merrill Lynch, MUFG and Morgan Stanley & Co. LLC were the bookrunners.
The subsidiary of Mitsubishi UFJ Financial Group, Inc. is based in New York.
| Issuer: | MUFG Union Bank, NA
|
| Amount: | $1.3 billion
|
| Description: | Senior notes
|
| Bookrunners: | BofA Merrill Lynch, MUFG and Morgan Stanley & Co. LLC
|
| Trade date: | March 4
|
| Ratings: | Moody’s: A2
|
| S&P: A
|
|
|
| Three-year floaters
|
| Amount: | $300 million
|
| Maturity: | March 7, 2022
|
| Coupon: | Libor plus 60 bps
|
|
|
| Three-year notes
|
| Amount: | $1 billion
|
| Maturity: | April 1, 2022
|
| Coupon: | 3.15%
|
| Spread: | Treasuries plus 67 bps
|
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