Japan's MUFG takes big loss on loan to Glencore-led coal port: sources
March 18, 2020 at 07:42 AM EDT
Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents in the dollar, two sources said.
