…in its Wednesday morning edition. The amount has been raised from the initially planned Y100 billion, with each bank offering a credit line of Y75 billion. The cash-strapped electronics maker will use the fund to redeem Y200 billion in convertible bonds that will come due in September.
UPDATE: Bank of America Downgrades Mitsubishi UFJ Financial to Neutral on Multiple Positive Factor (Benzinga)
In a report published Wednesday, Bank of America analyst Nana Otsuki downgraded the rating on Mitsubishi UFJ Financial Group Inc. (TYO:8306) from Buy to Neutral, but slightly raised the price target from $6.41 to $6.92.