TwentyFour AM: Importance of UBS deal for AT1 market 'cannot be overstated'

'Cathartic event' for the market

Valeria Martinez
clock • 3 min read

The highly-anticipated issuance of $3.5bn worth of AT1 bonds by UBS this week has been a “cathartic event” for the market, said Jakub Lichwa, portfolio manager at TwentyFour Asset Management.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Deep Dive: Global debt crisis threatens to flip the script on sovereign bonds versus corporate credit

Deep Dive: Global debt crisis threatens to flip the script on sovereign bonds versus corporate credit

Tight spreads 'good for long-term investors'

Michael Nelson
clock 14 November 2025 • 4 min read
Partner Insight: What high yield spreads telling investors about bond opportunities

Partner Insight: What high yield spreads telling investors about bond opportunities

With the returns of high yield bonds becoming more compelling for investors, questions next turn to how these can be best captured within a portfolio.

Joshua Rank, high yield portfolio manager, and Anthony Brinkman, senior high yield analyst and trader, at Principal Asset Management
clock 06 November 2025 • 5 min read
Bond managers quietly buoyant about potential Budget tax rises

Bond managers quietly buoyant about potential Budget tax rises

Smaller deficit 'good news'

Linus Uhlig
clock 30 October 2025 • 3 min read
Trustpilot