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UBS storms AT1 market with first sale since Credit Suisse s fall

UBS’s sale of additional tier 1 bonds, its first since the Credit Suisse takeover, pulled in some 10 times the bids for the debt on offer.

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UBS Begins Sale of First AT1 Bonds Since Credit Suisse Collapse

(Bloomberg) UBS Group AG has begun the sale of hotly-anticipated additional tier 1 bonds, marking its first issuance of the securities since Credit Suisse’s writedown of about $17 billion of the debt.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’Trump's Wealth Has Jumped $500 Million Since He Left the White HouseXi to Meet US Business Leaders for Dinner in San FranciscoWeWork Goes Bankrupt, Signs Pact With Creditors to Cut DebtApple Delays Work on Ne

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UBS begins first AT1 bond sale since Credit Suisse collapse

UBS begins first AT1 bond sale since Credit Suisse collapse
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Recovering from Credit Suisse shock, AT1 bond market shines

Investors who bet on a rebound in the $275 billion loss-absorbing bank debt market following a shock Swiss decision in March to write off such bonds issued by Credit Suisse are sitting on some of the.

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