Japan MUFG to get $600 mln Morgan Stanley shares

TOKYO, May 11 (Reuters) - Japan's biggest bank Mitsubishi UFJ Financial Group (8306.T), which invested $9 billion in Morgan Stanley (MS.N) last year, said on Monday it will obtain $600 million of Morgan Stanley's new common shares.

The new common shares will be swapped on May 13 for preferred stock MUFG bought last year, it said.

This means that MUFG, holding about 21 percent stake in Morgan Stanley, will not be making additional investments.

Morgan Stanley on Friday announced it will raise capital by a total $8 billion, half in new equity and the rest in senior notes. [ID:nWNAB6722]

U.S. federal regulators last week announced that Morgan Stanley needed to boost capital by $1.8 billion. (Reporting by Mayumi Negishi)