UBS has issued its first Additional Tier 1 (AT1) bonds since taking over Credit Suisse in March, when $17bn worth of these instruments were wiped out as part of the rescue deal.
UBS has issued its first Additional Tier 1 (AT1) bonds since taking over Credit Suisse in March, when $17bn worth of these instruments were wiped out as part of the rescue deal. A spokesperson for UBS confirmed to International Investment's sister brand Investment Week that the firm is offering AT1 securities, and that additional information will be provided when the offering is complete. According to a report by the FT , UBS launched a deal to raise new dollar AT1 bonds today (8 November), splitting the debt into two tranches that can be redeemed in either five or ten years. Ac...
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