Mitsubishi UFJ Financial Group Inc announced that it will postpone the issuance of Additional Tier-1 (AT1) bonds, according to a statement from the company’s spokesperson on Monday.
The initial date for AT1 issuance is in late April, but the wipeout in Credit Suisse AT1 bonds roiled the market confidence in the biggest banking crisis in a decade. The new issuance date will be in mid-May.
The spokesperson said that the decision to postpone the issuance of its AT1 bonds had taken investor appetite and market conditions into account.
Credit Suisse’s AT1 bonds worth around $17 billion US dollars got wiped out following the takeover by its rival Swiss lender UBS.
