Drew & Napier to sue Switzerland over Asia losses on AT1s

By Brand Post | October 19, 2025 |
Drew & Napier to sue Switzerland over Asia losses on AT1s

ONE of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for hundreds of Asian bondholders of Credit Suisse Additional Tier-1 (AT1) debt that was wiped out in 2023. Drew & Napier plans to go ahead with so-called investment treaty claims for Japanese…

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UBS offers US$1 billion AT1s in fast start to its funding plan

By Brand Post | February 7, 2024 |
UBS offers US billion AT1s in fast start to its funding plan

UBS Group is offering dollar-denominated Additional Tier 1 notes just a day after setting out plans to sell billions more of the risky securities in the coming years. The Swiss lender is offering US$1 billion of securities callable in April 2031 at an initial yield of about 8.375 per cent, according to a person with…

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