UBS Covered Bonds Said to Yield 61 Basis Points Over Swaps

UBS AG (UBSN)’s five-year covered bonds in euros will be priced to yield 61 basis points more than the benchmark mid-swap rate, according to a banker involved in the transaction.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net

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