Swiss banking giant UBS has said it will redeem the total outstanding $2.5 billion additional tier 1 (AT1) instrument at the end of January.
The AT1 instrument was issued by UBS Group AG on 31 January 2019 and is listed on the SIX Swiss Exchange.
This follows an announcement in November from UBS that it had raised $3.5 billion from its first AT1 sale since taking over Credit Suisse.
The merger led to a wipeout of $17 billion of Credit Suisse's AT1 bonds in March....
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