UBS

UBS announced on Monday that it would redeem $2.5bn AT1 at first possible date

City of Zurich and PSP Swiss Property take advantage of diminishing supply to appeal to investors with cash still to spend

Bonds will be settled in wholesale CBDC on December 1 as part of Swiss National Bank’s tokenised asset pilot

The Italian Ministry of Economy and Finance has cashed in on a dramatic rebound in MPS since its recapitalisation a year ago

Sovereign gets second largest book ever despite political hubbub

Swiss pharma company navigates a difficult market to pay a negative to zero new issue premium

Investors pounce on Société Générale and UBS sales after yields rise, then rates rally to soothe fears

◆ SocGen and especially UBS garner huge demand for high yielding AT1s ◆ Red-hot interest suggests more European banks could issue in subordinated Yankees ◆ HSBC and BBVA raise $2.75bn in tier two

A swift combination of the UK investment banking teams of UBS and Credit Suisse shows the rapid progress that has been made, as CEO Sergio Ermotti looks ahead to a ‘pivotal 2024’

Kiwi sub-sovereign sacrifices size to price tight

Flavour and fragrance company capitalises on investor demand to take size at a tight price

◆ Deal marketed at a price to sell ◆ Structure suggests UBS is optimising funding volume ◆ Reluctance to buy Swiss AT1s remains but fixed income markets are recovering