UBS is 'Back in Black'

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UBS is 'Back in Black'

The Swiss bank was mandated for a French RMBS for Crédit Foncier de France – perhaps a surprising move for some who thought the bank was fully out of the securitization business.

When GlobalCapital asked a market player what UBS was doing on an RMBS mandate, the bond pro responded: “It’s like the AC/DC comeback tour.”

And rather than asking whether there was any import to the news, like, maybe: “So UBS is dipping its toe back into the securitization market?” GlobalCapital’s mind went a-whir with questions, images — a sudden need to rock incredibly hard. 

Maybe they’re doing the roadshow in leather trousers?! Maybe NUOFY FTLIJY is on the hoot screaming “Moneytalks!” and “Bonds or bust!” MAYBE NUO is letting his freak flag fly, donning shorts and showing everyone his “Dirty Deeds Done Dirt Cheap” tattoo he maybe has!

“No one needs to see that,” came the deadpan response.

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