Bond Convert To Debt Plan At UBS Has Norges Bank Approval
Posted on 04/25/2024
Norway’s sovereign wealth fund has voted in favor of UBS’ bonds to debt plans, in regards to its Tier 1 or AT1 bonds. These bonds are known for having higher returns, although potential losses are a heightened risk. Norges Bank, operator of Government Pension Fund Global, is UBS’ second-largest shareholder. Shareholders might eventually see shareholder…
