UBS to substitute issuer for outstanding UBS Group Funding (Switzerland) AG instruments Montag, 30. September 2019 - 11:07

Zurich30 Sep 2019, 11:00Investor Releases

Migration of total loss-absorbing capacity instruments by mid-October of 2019

Zurich, 30 September 2019 – In line with regulatory requirements in Switzerland and following a change in Swiss tax law as of 1 January 2019 that applies to holding companies of systemically relevant banks issuing loss-absorbing additional tier 1 or total loss-absorbing capacity-eligible senior unsecured debt instruments, UBS expects to migrate such existing instruments to UBS Group AG from UBS Group Funding (Switzerland) AG by mid-October of 2019.

UBS Group AG