• Kyodo, Bloomberg

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The Bank of Tokyo-Mitsubishi UFJ Ltd. next week will issue Japan’s first bond denominated in China’s currency, company sources said Thursday, reflecting the recent thaw in bilateral relations.

Targeting qualified corporate investors, the main lending unit of Japan’s biggest banking group is set to issue on Wednesday a Chinese renminbi bond totaling 350 million yuan ($56 million), with a maturity of two years and a yield in the 3 percent zone, they said.

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