UBS
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◆ Deal marketed at a price to sell ◆ Structure suggests UBS is optimising funding volume ◆ Reluctance to buy Swiss AT1s remains but fixed income markets are recovering -
Higher rates are powering an equilibrium in the AT1 market that may tempt even the most unlikely of issuers to come to the market
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Name recognition helps bank go against the grain to tighten pricing
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Former IB co-CEO to join as vice-chair of corporate and investment bank
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Strong name recognition helps Swiss pharma company achieve size at a tight price
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Richard Bärlocher will take over the management of Swiss bond issuers from next year
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No let-up in issuance but investors running short on cash
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Bank overcame challenging market conditions to price its second Swiss deal of the year
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South Korean policy bank aims to continue a bumper year of funding with Swiss bond
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Novelty and high quality asset pool fueled demand for the bumper print
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Local market deal will help the bank's domestic entity to fund cheaply and independently
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Confidence is returning as banks bet on a revival in financial sponsor-driven corporate finance activity, and European banks are as ambitious as ever
