Ashurst has advised The Bank of Tokyo-Mitsubishi UFJ, Ltd., Sydney Branch (BTMU) in relation to the issue of A$650 million Floating Rate Transferable Certificates of Deposit due 9 March 2021 and A$150 million 3.25 per cent Fixed Rate Transferable Certificates of Deposit due 9 March 2021, under its A$6 billion Transferable Certificates of Deposit Program.

MUFG Securities EMEA plc, Morgan Stanley Australia Securities Limited, Australia and New Zealand Banking Group Limited, National Australia Bank Limited and Westpac Banking Corporation subscribed to the issuance as Joint Lead Managers. The Royal Bank of Canada subscribed to the issuance as a Co-Manager.

The Ashurst team was led by partner Jamie Ng (Securities and Derivatives) and included senior foreign associate Caroline Smart and graduate Victoria Yeh (Debt Capital Markets).