UBS prices offering of $500 million in Trust Preferred Securities
UBS AG announced today the pricing of an offering of $500 million of Trust Preferred Securities. The securities are perpetual and pay a semi-annual coupon of 7.247% until June 26, 2011 and, thereafter, a floating rate coupon of three month Libor plus 230 basis points paid quarterly.
The securities, which were placed predominantly with institutional investors, have a perpetual maturity and are callable at the step-up date and on each quarterly coupon date thereafter.
The securities are rated AA- by Standard & Poors, aa3 by Moody's Investors Service, Inc. and AA+ by Fitch.
UBS Warburg LLC was the sole bookrunner.
All of the Trust Preferred Securities are being offered by UBS Preferred Funding Trust II, a newly-organized vehicle established by UBS AG for purposes of the offering, and represent a new financing by UBS AG.
New York, 22 June 2001
Die auf dieser Website angebotenen Produkte und Dienstleistungen sind Personen mit Wohnsitz in bestimmten Ländern nicht zugänglich. Bitte beachten Sie die geltenden Verkaufsbeschränkungen für die entsprechenden Dienstleistungen.
© UBS 1998 - 2014. Alle Rechte vorbehalten.