UBS pivots to Pro-Bond for TLAC paper

Jasper Cox

November 02, 2018 12:00 pm

UBS_PA_230x150 — A general view of the offices of investment bank UBS in London as the Swiss banking group UBS revealed a rogue trader had cost it an estimated two billion US dollars (1.3 billion). | John Stillwell/PA Archive/PA Images

UBS tapped the Tokyo Pro-Bond market this week to raise ¥150bn ($1.33bn) of funding for its total loss absorbing capacity, at a time of little volume in the FIG euro market.

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UBS EMEA Japan Switzerland Senior Debt Northeast Asia Asia Pacific Europe FIG Asia

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Jasper Cox