Mitsubishi UFJ Financial Group's (MTU) record $11.6B share sale prices at ¥428 (.pdf), a...

|About: Mitsubishi UFJ Financia... (MTU)|By:, SA News Editor

Mitsubishi UFJ Financial Group's (MTU) record $11.6B share sale prices at ¥428 (.pdf), a discount to Monday's close of ¥442. Shares have fallen 12% over the past four sessions in anticipation of the massive issuance. Analysts say investors are unlikely to return to Japanese banks until they see details of stricter capital requirements, due out from the Basel Committee in late January. MTU -2.5% premarket.