February 05, 2025 12:27 GMT
FINANCIALS: Revised IPT - UBS new issue
FINANCIALS
REV IPT: UBS $Bmark AT1; PerpNC5.5 7.5%a, PerpNC10 7.625%a
IPT on the PerpNC10 revised 0.25% lower - clearly there is high demand there and it will likely come through our FV now. No books yet.
Our FV analysis still stands - https://mni.marketnews.com/3Q2bzq1
PNC5.5
- IPT: 7.75%
FV: 7.25%
PNC10
- IPT: 7.875%
- FV: 7.5%
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