# UBS to launch new AT1 bonds

**URL:** <https://forum.mustachianpost.com/t/ubs-to-launch-new-at1-bonds/11196>\
**Category:** Investing / Portfolios\
**Created:** [November 8, 2023, 9:46am UTC](https://forum.mustachianpost.com/t/ubs-to-launch-new-at1-bonds/11196 "2023-11-08T09:46:22Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![PhilMongoose](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/philmongoose/32/12331_2.png) [@PhilMongoose](https://forum.mustachianpost.com/u/PhilMongoose)\
**Post date:** [November 8, 2023, 9:46am UTC](https://forum.mustachianpost.com/t/ubs-to-launch-new-at1-bonds/11196/1 "2023-11-08T09:46:22Z")

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> **[UBS launches first AT1 bonds since Credit Suisse takeover](https://www.ft.com/content/d8a4dc31-ac20-4bac-8167-c32e3e282bcb)**
>
> Move follows write-off of $17bn of debt instruments during Swiss banking deal

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**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\
**Post date:** [November 8, 2023, 10:58am UTC](https://forum.mustachianpost.com/t/ubs-to-launch-new-at1-bonds/11196/2 "2023-11-08T10:58:48Z")

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Some background:

> [@Additional Tier 1 (AT1) bonds](https://forum.mustachianpost.com/t/additional-tier-1-at1-bonds/10054):
>
> Well I looked a bit more into the matter and it appears that: AT1 bonds can be written off if CET1 capital falls below 7%. It’s not the case here, but that would be a case where AT1 bondholders would get zero while shareholders would still get something AT1 bonds are written off in case of a “viability event”, i.e an intervention of the government because there are serious doubts about its solvency… Well, good thing that i don’t invest in financials. Once again I am reminded that I don’t know…

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**Author:** ![Dr.PI](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/dr.pi/32/5299_2.png) [@Dr.PI](https://forum.mustachianpost.com/u/Dr.PI)\
**Post date:** [November 9, 2023, 12:11pm UTC](https://forum.mustachianpost.com/t/ubs-to-launch-new-at1-bonds/11196/3 "2023-11-09T12:11:23Z")

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But probably it’s not so bad.

> **[UBS kann sich vor Nachfrage der neuen AT1-Anleihe kaum retten](https://www.cash.ch/news/top-news/ubs-kann-sich-vor-nachfrage-der-neuen-at1-anleihe-kaum-retten-655034)**
>
> Die UBS ist mit ihrer ersten nachrangigen Anleihe seit der CS-Übernahme auf enorme Investorennachfrage gestossen - trotz des Schocks, der mit der Komplettabschreibung von AT1-Papieren bei der Rettung der CS einhergegangen war.