• Bloomberg


Mitsubishi UFJ Financial Group Inc., Japan’s biggest bank, plans to sell bonds linked to earthquake risk to tap demand from investors seeking higher returns and from companies to hedge the cost of potential damage.

Mitsubishi UFJ Securities Co. will sell Japanese companies contracts that protect against losses from earthquakes, said Yusaku Manabe, a deputy general manager at the investment bank’s products and solutions division. It will then sell so-called catastrophe bonds backed by those contracts to overseas investors.

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