UBS may fund half of Swiss capital needs via cheaper bonds
A committee of Swiss lawmakers backed a plan allowing half of new capital requirements to be met in bond form, which could let UBS issue cheaper bonds instead of equity.
By Margot PatrickUBS could get to issue cheaper bonds instead of equity to help meet new, tougher Swiss capital requirements.That's after a committee of lawmakers backed a plan that would allow half of the new capital requirement to come in bond form.Filippo Alloatti, head of financials for credit…