Key facts
- UBS Group plans to issue US dollar-denominated Additional Tier 1 capital.
Additional Tier 1 (AT1) capital is a type of regulatory capital that banks can issue to meet capital requirements. It is subordinate to other debt but senior to equity, and can be written down or converted to equity if the bank's capital falls below a certain threshold. Issuing AT1 capital in US dollars allows UBS to access a broader investor base and manage its funding currency.