UBS doubles up in dollars with capital and senior

UBS found room for $5bn of new debt in the dollar market this week, starting with a “phenomenal” result for a new additional tier one (AT1) on Monday and ending with a three-part senior offering a day later.
The Swiss bank wasted little time in returning to the market, after publishing a stellar set of annual results last week.
There has been no real signs of Covid-19 impacting on the firm, which reported a 30% year on year increase in pre-tax profits, driven the strong performance ...Already a subscriber? Login