UBS finds window for new euro deal after results

By Tyler Davies
27 Oct 2020

UBS Group made a rare entry into the euro market on Tuesday, issuing €1.5bn of new senior paper in line with fair value.

The Swiss bank launched its €1.5bn eight year non-call seven bond at 77bp over mid-swaps. 

It had started out with price thoughts in the 100bp area, before guiding the market towards a 77bp-83bp range, on the back of €3bn of demand. 

The size of the order ...

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