UBS to Sell Billions More AT1 Bonds in Coming Years bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(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
«The $29 billion profit is not a gift but the capital needed to integrate and support the $500 billion of CS assets on UBS s balance sheet,» Sergio Ermotti said in a video interview with Swiss state broadcaster «RSI».