UBS confirmed to CNBC that it is offering additional tier 1 securities, but did not comment on the details of the contracts and said it will provide additional information when the offering is complete.
The Swiss banking giant is marketing two tranches of U.S. dollar AT1 bonds, a non-call five-year offering around a 10% yield and a non-call 10-year offering around 10.125%, according to LSEG news service IFR. Non-call bonds are bonds that only pay out at maturity.
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