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

imageStock Markets15 minutes ago (Jul 06, 2021 02:36AM ET)

(C) Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, January 27, 2017. REUTERS/Arnd Wiegmann/File Photo

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.

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

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