UPDATE 1-UBS to reopen European Additional Tier 1 market

August 2, 2016 3:23 PM

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LONDON, Aug 2 (IFR) - UBS Group AG announced the first Additional Tier 1 bond from a European issuer since the UK voted to leave the European Union, prompting a sell-off in risk assets.

The Swiss bank announced the self-led Reg S US dollar denominated perpetual non-call five-year trade on Tuesday afternoon. Initial talk is expected in Asian hours on Wednesday.

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