UBS Said to Sell Contingent Capital Notes in Dollars This Week
By Ben Martin -
2012-02-14T08:35:01Z
UBS AG (UBSN) plans to sell contingent capital notes in dollars this week, according to two people with knowledge of the sale.
The dollar-denominated notes will mature in February 2022 and are callable from February 2017, the people said. The securities are permanently written down if the bank’s capital falls below a certain level.
BNP Paribas SA, Commerzbank AG, Deutsche Bank AG and Societe Generale SA are managing the deal with UBS.
To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.