the European Central Bank's is marketing subordinated bonds for the first sale of UBS debt in Europe since January ; it will sell so-called additional Tier two notes, which are the first to take losses in a crisis, to yield about 7% . This move follows the European Central Bank's announcement January to pay banks to borrow, and the riskiest bank suggestion of giving "particular attention" to investors in the debt.
UBS is marketing subordinated bonds for the first sale of the riskiest bank debt in Europe since January; it will sell so-called additional Tier 1 notes, which are the first to take losses in a crisis, to yield about 7%. This move follows the European Central Bank's announcement last week to pay banks to borrow, and the European Commission's suggestion of giving "particular attention" to investors in the debt.