MUFG syndicates $210m underwritten refinancing

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MEDIA RELEASE Mitsubishi UFJ Financial Group’s banking entity MUFG Bank, Ltd. (“MUFG”) announces the successful syndication and financial close on 25 June 2018 of a 5-year, A$210 million refinancing facility for Boco Rock Wind Farm Pty Ltd (“BRWF”).

MUFG is the sole mandated lead arranger, underwriter, bookrunner and facility agent for this transaction.

MUFG syndicated the facility to a group of leading international and domestic banks including Commonwealth Bank of Australia, ICBC, ING, Societe Generale and National Australia Bank.

The transaction represents MUFG’s seventeenth successful financing of a renewables project in Australia over the past 24 months and establishes MUFG as the leading lender to the renewables sector in Australia over the period 1 July 2016 – 30 June 2018*.

Mr. Geoff Daley, Managing Director, Head of Australian Structured Finance Office, MUFG, said: “Completing our first sole underwriting in the renewables sector in Australia for one of the bank’s global clients, EGCO of Thailand, is a significant milestone.  Our Project Finance, Treasury and Agency teams in Australia worked with our Syndications team across Singapore and Sydney and our client coverage team in Krungsri, MUFG’s strategic banking partner in Thailand, to deliver a competitive financing package.”

Mr. Siong Ooi, Co-Head of Debt Capital Markets – Loans & Bonds, MUFG, said: “This is a great example of our global teams working seamlessly together to deliver solutions to our clients. We managed the process to cater for existing, incoming and outgoing lenders and thereby optimized the outcome for EGCO.”

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Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with over 1,800 locations in more than 50 countries. The Group has over 150,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges.

On April 1, 2018 the name of MUFG’s commercial bank changed from “The Bank of Tokyo-Mitsubishi UFJ, Ltd.” to “MUFG Bank, Ltd.”  MUFG’s New York Stock Exchange ticker symbol has also changed to “MUFG.”

*According to the league tables published by Inframation Deals (an Acuris publication).