UBS courts institutions with low trigger tier two

05 Aug 2012

UBS is meeting investors in the US, Switzerland and the UK this week on a roadshow for a US dollar-denominated low trigger subordinated lower tier two bond. The bank hopes that going on the road with institutional investors will attract real money accounts that stayed away from its last lower tier two bond.

It issued a similarly structured deal in February, which was sold predominantly to private banks, many of them in Asia. Bankers on that deal said that this was by design — UBS had done investor work in Asia and wanted to look after that buyer base, they ...

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