By Devika Patel and Cristal Cody
Knoxville, Tenn., Jan. 5 – UBS Group AG priced $3 billion of fixed-rate notes in two tranches on Tuesday, according to a source.
UBS priced $1.5 billion of 2.746% notes due Feb. 11, 2033 at Treasuries plus 110 bps. These notes were talked in the Treasuries plus 130 bps to 135 bps area.
The company sold $1.5 billion of 3.179% notes due Feb. 11, 2043 at Treasuries plus 110 bps. These notes were also talked in the Treasuries plus 130 bps to 135 bps area.
UBS is the bookrunner.
The investment bank and financial services company is based in Zurich and Basel, Switzerland.
| Issuer: | UBS Group AG
|
| Amount: | $3 billion
|
| Description: | Notes
|
| Bookrunners: | UBS
|
| Trade date: | Jan. 4
|
|
|
| 2033 notes
|
| Amount: | $1.5 billion
|
| Maturity: | Feb. 11, 2033
|
| Coupon: | 2.746%
|
| Spread: | Treasuries plus 110 bps
|
| Call: | Non-callable for 10 years
|
| Price guidance: | Treasuries plus 130 bps to 135 bps area
|
|
|
| 2043 notes
|
| Amount: | $1.5 billion
|
| Maturity: | Feb. 11, 2043
|
| Coupon: | 3.179%
|
| Spread: | Treasuries plus 110 bps
|
| Call: | Non-callable for 20 years
|
| Price guidance: | Treasuries plus 130 bps to 135 bps area
|
|
|
|
|
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