Mufg to raise $1bn through preferred securities
Mitsubishi UFJ Financial Group, Japan's biggest bank, said it will raise nearly $1bn by issuing preferred securities, its latest step to shore up a capital base depleted by a tumbling stock market.
Private equity funds have proved popular with investors, with Direct Capital and ABN Amro Craigs raising $82.5 million for their Pohutukawa II fund, including $22.5 million of oversubscriptions.