In March MTFG successfully priced a Ą306bn follow-on offering of common stock, representing 9.3% of total shares outstanding in challenging equity market and industry conditions, as the Nikkei hit a 20-year low in the month of completion.
The MTFG transaction was the first offering of common stock by a Japanese bank in more than 13 years, the biggest common equity offering in more than two years and the biggest capital increase from the Japanese private sector.