By Cristal Cody
Chicago, Jan. 19 – UBS Group AG sold $4 billion of notes in two parts, according to a source.
The bank sold $1.75 billion of 5.711% four-year notes with three years of call protection. The notes priced at Treasuries plus 155 basis points after initial talk in the 180 bps area.
The bank also sold $2.25 billion of 5.959% notes due 2034. There are 10 years of call protection. Pricing came at Treasuries plus 220 bps versus talk in the 250 bps area.
UBS was the bookrunner.
The investment bank and financial services company is based in Zurich and Basel, Switzerland.
| Issuer: | UBS Group AG
|
| Amount: | $4 billion
|
| Issue: | Notes
|
| Bookrunner: | UBS
|
| Trade date: | Jan. 3
|
|
|
| Notes due 2027
|
| Amount: | $1.75 billion
|
| Maturity: | Jan. 12, 2027
|
| Coupon: | 5.711%
|
| Spread: | Treasuries plus 155 bps
|
| Call features: | Three years
|
| Price talk: | Treasuries plus 180 bps area
|
|
|
| Notes due 2034
|
| Amount: | $2.25 billion
|
| Maturity: | Jan. 12, 2034
|
| Coupon: | 5.959%
|
| Spread: | Treasuries plus 220 bps
|
| Call features: | 10 years
|
| Price talk: | Treasuries plus 250 bps area
|
|
|
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