Bloomberg News

UBS Said to Sell Contingent Capital Notes in Dollars This Week

February 14, 2012

Feb. 14 (Bloomberg) -- UBS AG plans to sell contingent capital notes in dollars this week, according to two people with knowledge of the sale.

The dollar-denominated notes will mature in February 2022 and are callable from February 2017, the people said. The securities are permanently written down if the bank’s capital falls below a certain level.

BNP Paribas SA, Commerzbank AG, Deutsche Bank AG and Societe Generale SA are managing the deal with UBS.

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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