Commentary & Deal Flow

Launched: 8NC7: €500m @ MS+93bp
Guidance: 8NC7: MS+95a (+/- 2bps WPIR) - Books >€5bn
IPTs: 8NC7:MS+125/130bp

• Issuer: Mitsubishi UFJ Financial Group, Inc.
• Ticker: MUFG
• Country: JP
• Issuer Ratings: A1/A-/A- (Moody's/S&P/Fitch)
• Expected Security Ratings: A1/A-/A- (Moody's/S&P/Fitch)
• Format: Reg S
• Size: €500m
• Ranking: Senior Unsecured
• Joint Lead Managers: Morgan Stanley, MUFG Securities (B&D)
• Settlement Date: 22-Apr-26 (T+7)
• Issuer Call Date: 22-Apr-33
• Maturity Date: 22-Apr-34
• Coupon:
• • Until Call Date: Fixed, payable annually
  • Post Call Date: Floating, payable quarterly
• Day Count Basis:
• • Fixed: Act/Act (ICMA)
  • Floating: Act/360
• Listing: Luxembourg Euro MTF
• Documentation: Issuer’s MTN Programme dated 8-Aug-25
• Denominations: €200,000 x €1,000
• Governing Law: English Law
• Timing: Books open, today’s business
• Books Subject: 12.15 UKT / 13.15 CET
• Target: Eligible counterparties and professional investors only (all distribution channels)
• Stabilisation: FCA/ICMA stabilisation