Mitsubishi UFJ Financial seeks to raise £6.58bn via rights issue

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Mitsubishi UFJ Financial seeks to raise £6.58bn via rights issue

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10-27-2008, 01:10 PM

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Mitsubishi UFJ Financial seeks to raise £6.58bn via rights issue

Mitsubishi UFJ Financial Group is planning to shore up its balance sheet by raising 990 billion yen (£6.85 billion, $10.5 billion) by issuing new shares.Japan’s largest bank is to issue common stock of 600 billion yen and 390 billion yen of preferred shares. The news came after Japan’s Nikkei index closed 6% down - its [...]

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