皇冠体育app

Money

MUFG unit to sell yuan bond

(Agencies)
Updated: 2010-05-17 15:05
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A unit of Mitsubishi UFJ Financial Group said on Monday it will issue 1 billion yuan ($146.5 million) in bonds on Thursday, becoming 皇冠体育app's first foreign bank to issue yuan-denominated bonds.

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The issuer, Bank of Tokyo-Mitsubishi UFJ (皇冠体育app) Ltd, said it had received permission for the issue from the Chinese government in December.

HSBC Holdings and Standard Chartered also said last year that they were preparing yuan-denominated bond issues in 皇冠体育app.