UBS extends drive for TLAC FRNs

Tyler Davies

March 13, 2017 01:00 pm

UBS_PA_230x150 — The UBS Bank in the city of London on Monday 29 October 2012. The Swiss bank has announced that 10,000 jobs are to be cut in a bid to reduce the size of it's investment bank. | Sean Dempsey/PA Archive/PA Images

UBS found healthy demand for a new €1.75bn callable floating rate note on Monday ahead of an eventful mid-week, following Goldman Sachs and Wells Fargo into a strong market for total loss-absorbing capacity (TLAC) eligible floating rate bonds.

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Senior Debt UBS Europe EMEA FIG

TD

Tyler Davies