Mitsubishi UFJ Morgan Stanley Securities Sold Y95 Billion of Credit Suisse AT1 Bonds
17 April 2023 - 5:35AM
Dow Jones News
By Megumi Fujikawa
TOKYO--Mitsubishi UFJ Morgan Stanley Securities said it had sold
about 95 billion yen ($710 million ) in additional tier 1 bonds
issued by bankrupt Credit Suisse Group AG.
About 1,500 client accounts at the Japanese brokerage, a unit of
Mitsubishi UFJ Financial Group Inc., held Credit Suisse's AT1
bonds, a spokeswoman said Monday. Of these, 1300 were held by
individual investors, while the rest was held by corporations, she
said.
On March 19, Swiss regulators announced that about 16 billion
Swiss francs ($17.9 billion), of Credit Suisse AT1 bonds would be
completely written down.
Write to Megumi Fujikawa at megumi.fujikawa@wsj.com
(END) Dow Jones Newswires
April 16, 2023 23:20 ET (03:20 GMT)
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