UBS launches four foreign currency bonds on Borsa Italiana
UBS has launched on the Italian stock market Borsa Italiana and Eurotlx four foreign currency bonds, aimed at offering further diversification to investors in the ongoing eurozone crisis.
The bonds have a duration of three years and a fixed coupon.
The USD bond has a 1.25% annual coupon, conditioned on the performance of the S&P500 index. The CAD bond offers a 2% annual coupon linked to the S&P/TSX 60 index.
The bond denominated in Norwegian krone pays a 2% annual coupon and the CHF bond has a 0.25% coupon, both linked to the Swiss index SMI.
The new products follow the launch in June of “Forziere svizzero”, a bond linked to the performance of Swiss blue chips Nestlè, Novartis and Roche.