UBS Group Funding (Jersey) €1.25 billion bail-in bond issue

Overview:

• The Jersey subsidiary of UBS has undertaken a €1.25 billion bail-in bond issue.
• The notes were guaranteed by UBS Group, they come under it's $30 billion senior debt programme.
• Bail-in bonds are designed to allow note-holders to absorb losses through a statutory conversion or write-down.
• The bonds have a fixed rate of 1.25% and are due to reach maturity September 2026.

Morris Seifert - Journalist - EMEA