Published on 8/3/2021 in the Prospect News Investment Grade Daily.
New Issue: UBS Group sells $2 billion 1.494% six-year notes at 85 bps spread
By Cristal Cody
Chicago, Aug. 3 – UBS Group AG sold a $2 billion offering of 1.494% six-year notes with an 85 basis points spread over Treasuries on Tuesday, based on details from a market source.
Initial price talk was in the Treasuries plus 105 basis points area.
UBS is the bookrunner.
The investment bank and financial services company is based in Zurich and Basel, Switzerland.
Issuer: | UBS Group AG
|
Issue: | Notes
|
Amount: | $2 billion
|
Maturity: | Aug. 10, 2027
|
Bookrunners: | UBS
|
Coupon: | 1.494%
|
Spread: | Treasuries plus 85 bps
|
Trade date: | Aug. 3
|
Price talk: | Treasuries plus 105 bps area
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.