UBS Issues Call for Core Capital Bond: UBS Group seeks to redeem an outstanding $2 billion Tier 1 capital instrument. EnglishNews
On Monday, UBS announced its intention to redeem an additional Tier 1 bond with a total outstanding amount of $2.0 billion, on January 31, of next year, which is the first callable date, according to a statement.
UBS said the decision underscores its long-standing call policy, of carefully evaluating all relevant factors, including the market environment, economic costs, business growth, and funding plans, as well as the current and future regulatory value of the capital instrument.
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