The Zhitong Finance App learned that UBS Group (UBS.US) said on Monday that according to the bank's shareholders' decision last month, AT1 (Additional Tier 1) bonds (a form of bond) worth nearly 5 billion US dollars can already be used for equity conversion. The bank said that as of May 10, the decision covered four outstanding AT1 bonds issued since November 2023, three with a total value of US$4.5 billion and another worth S$650 million (US$480 million).

Zhitongcaijing · 05/13 10:33
The Zhitong Finance App learned that UBS Group (UBS.US) said on Monday that according to the bank's shareholders' decision last month, AT1 (Additional Tier 1) bonds (a form of bond) worth nearly 5 billion US dollars can already be used for equity conversion. The bank said that as of May 10, the decision covered four outstanding AT1 bonds issued since November 2023, three with a total value of US$4.5 billion and another worth S$650 million (US$480 million).