Legal
UBS will substitute issuer of future loss-absorbing AT1 capital instruments and current and future TLAC-eligible senior unsecured debt
UBS has established UBS Group Funding (Switzerland) AG, a wholly owned direct subsidiary of UBS Group AG, to issue future loss-absorbing additional tier 1 (AT1) capital instruments and total loss-absorbing capacity- (TLAC-) eligible senior unsecured debt, which will be guaranteed by UBS Group AG. UBS also intends to substitute the…
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