NEW YORK, April 16, 2019 /PRNewswire/
-- Mitsubishi UFJ Financial Group (MUFG), Inc.'s
Project Finance group continues to add to its impressive collection
of achievements, winning 2018 Global Bank of the Year honors
from two of the sector's most trusted media outlets, in addition to
claiming its 10th consecutive year in first place
according to a key industry ranking.
MUFG is the world's fifth-largest financial institution by
assets with approximately $2.7
trillion.
Both Project Finance International
and IJGlobal acknowledged MUFG with its top annual
award; IJGlobal also recognized the bank's Project Finance
business by naming it North America
Bank of the Year and Latin America Bank of the Year.
In capturing the top slot for the 10th straight year
in Thomson Reuters' 2018 rankings for Bookrunner for Project
Finance in the Americas, MUFG earned a market share of more
than 10%. Among MUFG's top transactions were the underwriting of
loans to finance Starwood Property Trust's acquisition of General
Electric's energy-finance business, and Capital Dynamics'
acquisition and refinancing of 8point3 Energy Partners.
"MUFG is proud to command such a defining role in project
finance around the world," said Erik
Codrington, Head of Project Finance for MUFG in the
Americas. "These latest achievements are a testament to the hard
work, talent and dedication from the world-class professionals in
our group. While these accolades are meaningful, our primary goal
remains unchanged: to deliver the highest caliber of support and
service to our valued clients."
Additional Awards
In the Project Finance International Loan League Tables for
2018, MUFG also ranked as Top Global Initial Mandated Lead
Arranger (MLA) for the seventh consecutive year, Top Global
Bookrunner for the second consecutive year, and Top MLA in
the Americas for the ninth consecutive year.
Along with the honors mentioned above, MUFG was acknowledged
with nine additional citations by IJGlobal:
- Latin America Upstream Oil & Gas Deal of the Year
- Latin America Water Deal of the
Year
- North America Refinancing Deal of the Year
- North America Public-Private Partnership Deal of the Year
- North America Solar Deal of the
Year
- North America Transmission/Distribution Deal of the Year
- North America Wind Deal of the
Year
- North America Storage Deal of
the Year
- North America M&A Deal of the
Year
Earlier this year, MUFG was recognized as the top global Lead
Arranger in financing clean-energy and energy-smart technologies
for 2018. The ranking, released as part of Bloomberg's annual New
Energy Finance league table, placed MUFG as No. 1 among
private-sector banks for the third consecutive year, and for the
seventh time in the past nine years.
A Year of Record Loan Volumes for Project Finance
In the Americas, project finance loans in 2018 reached
$96 billion from 319 deals, up 23.9%
from 2017, the highest volume on record for the region.
The United States was the most
active country, with $57.8 billion
from 159 transactions, up 48.2% from the previous year.
Global project finance loans for 2018 totaled $282.7 billion across 871 transactions, a 21.7%
increase from 2017, posting the highest volume on record. The power
sector led this record-breaking market activity with $137.6 billion from 560 deals, up 12% from the
previous year and accounting for 48.7% of total issuance.
About Mitsubishi UFJ Financial Group, Inc.'s U.S. Operations
including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc.
(MUFG), one of the world's leading financial groups, has total
assets of $337.4 billion at
December 31, 2018. As part of that
total, MUFG Americas Holdings Corporation (MUAH), a financial
holding company, bank holding company and intermediate holding
company, has total assets of $168.1
billion at December 31, 2018.
MUAH's main subsidiaries are MUFG Union Bank, N.A. and MUFG
Securities Americas Inc. MUFG Union Bank, N.A. provides a wide
range of financial services to consumers, small businesses,
middle-market companies, and major corporations. As of December 31, 2018, MUFG Union Bank, N.A. operated
352 branches, consisting primarily of retail banking branches in
the West Coast states, along with commercial branches in
Texas, Illinois, New
York and Georgia, as well
as 22 PurePoint® Financial Centers. MUFG Securities
Americas Inc. is a registered securities broker-dealer which
engages in capital markets origination transactions, private
placements, collateralized financings, securities borrowing and
lending transactions, and domestic and foreign debt and equities
securities transactions. MUAH is owned by MUFG Bank, Ltd. and
Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly
owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has
offices in Argentina, Brazil, Chile, Colombia, Peru, Venezuela, and Canada. Visit https://www.unionbank.com or
www.mufgamericas.com for more information.
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the
world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG
has a global network with over 1,800 locations in more than 50
countries. The Group has over 150,000 employees and offers services
including commercial banking, trust banking, securities, credit
cards, consumer finance, asset management, and leasing. The Group
aims to "be the world's most trusted financial group" through close
collaboration among our operating companies and flexibly respond to
all of the financial needs of our customers, serving society, and
fostering shared and sustainable growth for a better world. MUFG's
shares trade on the Tokyo,
Nagoya, and New York stock exchanges. For more
information, visit https://www.mufg.jp/english.
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SOURCE MUFG Americas Holdings Corporation