Mitsubishi UFJ Financial Group Inc. (MTU) plans to boost its capital by roughly 1 trillion yen through public offerings of common stock by year's end, the Nikkei reported.
The offer price has yet to be determined, but the capital increase would come to 1.27 trillion yen based on the bank's closing price of 508 yen, the Nikkie said.
The move is in response to global regulatory pushes for improved capital bases at banks, Nikkei added.
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