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UBS to redeem $1.1 billion additional tier 1 instrument at first call date - Metro US

UBS to redeem $1.1 billion additional tier 1 instrument at first call date

FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich

ZURICH (Reuters) – UBS Group will redeem the total outstanding $1.1 billion additional tier 1 instrument with ISIN on Aug. 10, the first call date, the Swiss bank said on Tuesday.

UBS issued the AT1 instrument in August 2016.

(Reporting by Michael Shields, editing by John Miller)

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