Bond Factsheet
UBS 7.125% Perpetual Corp (AUD)
UBS Group AG
Indicative
Full Lot
Bid Price 97.292
Change in Bid Price 0.016
Bid Yield (%) 7.669 %
Change in Bid Yield 0.003
Ask Price 97.475
Change in Ask Price
-
Ask Yield (%) 7.631 %
Change in Ask Yield
-
Indicative price as of 06 Oct 2026, 4:04pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
UBS Group AG
Guarantor
-
Announcement Date
10 Feb 2026
Issue Date
13 Feb 2026
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 5.856
Modified Duration
4.642 @ 05 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
7.125
Coupon Type
Variable
Annual Coupon Rate
7.125
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Capital Structure
Additional Tier 1
Reference Rate
Reset Date:13 February 2033 and every 5 Years thereafter
Reset Rate: 5-Year AUD Semi-Semi Mid-Swap + the Margin (2.595%)
ISIN
CH1522231294
CUSIP
YI8857280
Bond Currency
AUD
Total Issue Size
1,000,000,000
Min. Investment Quantity (Nominal)
AUD 250,000
Incremental Quantity (Nominal)
AUD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ BBB
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Conversion:
Following the occurrence of a Trigger Event or a Viability Event, a Conversion will occur and each Note will be redeemed on the applicable Conversion Date by the delivery of new fully paid Ordinary Shares to the Settlement Share Depository on behalf of the Holders and the cancellation of any accrued and unpaid interest on the Notes (whether or not due and payable), as more particularly described in Condition 8 (Conversion).
Receipt by the Settlement Share Depository of such number of Ordinary Shares as is required to satisfy in full its obligation to deliver Ordinary Shares in respect of the Conversion on the applicable Conversion Date shall be a good and complete discharge of the Issuer's obligations in respect of the Notes. The number of Ordinary Shares to be issued and delivered in respect of a Conversion shall be determined in accordance with Condition 8(c) (Conversion – Conversion Price and determination of number of Ordinary Shares).
In respect of a Conversion as a result of the occurrence of a Trigger Event only, following receipt by the Settlement Shares Depository of the Ordinary Shares, the Issuer may, in its sole discretion, appoint a placement agent acting on behalf, and for the accounts, of the Holders to conduct an offering of the Ordinary Shares to which the Holders are otherwise entitled to some or all of UBS Group AG's shareholders as more fully described in subclause (iii) of Condition 8(h) (Conversion – Procedure for delivery in respect of a Conversion). In such case, Holders may receive cash or a combination of cash and Ordinary Shares instead of the number of Ordinary Shares to which the Holders would otherwise be entitled upon Conversion.
The Notes are not convertible into Ordinary Shares at the option of the Holders at any time. Additionally, in the case of the Ordinary Shares to be delivered upon Conversion, as from the applicable Share Creation Date for such Ordinary Shares, there is no provision for the reconversion of such Ordinary Shares into Notes.
Conversion Price:
AUD 56.40, subject to adjustment in accordance with Condition 8(d) (Conversion – Anti-dilution adjustment of the Conversion Price). Trigger Event:
A "Trigger Event" will have occurred if the Issuer gives the Holders a Trigger Event Notice in accordance with Condition 7(b) (Trigger Event and Viability Event – Trigger Event Notice). The Terms and Conditions require the Issuer to give a Trigger Event Notice to Holders (within the required notice period and subject to subclause (iii) of Condition 7(b) (Trigger Event and Viability Event – Trigger Event Notice)), if the Trigger CET1 Ratio as of the relevant Publication Date is less than the Threshold Ratio.
"Threshold Ratio" means 7 per cent.
Please see Condition 7 (Trigger Event and Viability Event) for further details (including the definition of Trigger Event Notice) and Condition 1 (Definitions) for the definition of Trigger CET1 Ratio.
Bail-In
The addition of loss-absorbing debt as a component of capital requirements, the regulatory requirements to maintain minimum TLAC and other regulatory requirements at UBS's holding company and at certain of its subsidiaries, as well as the power of resolution authorities to bail in TLAC instruments and other debt obligations, uncertainty as to how such powers will be exercised, and potential impacts in the marketability of additional tier 1 capital debt instruments, caused and may still cause a further increase in UBS's cost of funding, and could potentially increase the total amount of funding required, in the absence of other changes in its business.
Deferral Interest Payment
If any payment of interest scheduled to be made on any Interest Payment Date is not made in full pursuant to clause (i) or (ii) of Condition 5(i) (Interest – Cancellation of interest; prohibited interest), UBS Group AG shall not, directly or indirectly: (a) recommend to holders of Ordinary Shares that any dividend or other distribution in cash or in kind (other than in the form of Ordinary Shares) be paid or made on any Ordinary Shares; or (b) redeem, purchase or otherwise acquire any Ordinary Shares other than as a Permitted Transaction, in each case unless and until either (x) the interest payment due and payable on the Notes on any subsequent Interest Payment Date has been paid in full (or an amount equal to the same has been paid in full to a designated third party trust account for the benefit of the Holders prior to payment by the trustee thereof to the Holders on such subsequent Interest Payment Date) or, if earlier (y) all outstanding Notes have been cancelled in accordance with the Terms and Conditions. Please see Condition 5(i) (Interest – Cancellation of interest; prohibited interest) for further details. Please see Condition 1 (Definitions) for the definition of Permitted Transaction.
Issuer Call
First Call Date:13 August 2032
Additional Note
A "Viability Event" will have occurred if prior to an Alternative Loss Absorption Date (if any):
(A) FINMA has notified UBS Group AG in writing that it has determined a conversion or write-down, as applicable, of holders' claims in respect of the Notes and all other capital instruments issued by, or other capital obligations (whether qualifying fully or partially for capital treatment) of, any member of the Group that, pursuant to their terms or by operation of law, are capable of being converted into equity or written down at that time, is, because customary measures to improve the Group Holding Company's capital adequacy are at the time inadequate or infeasible, an essential requirement to prevent the Group Holding Company from becoming insolvent, bankrupt, unable to pay a material part of its debts as they fall due or unable to carry on its business; or
(B) customary measures to improve the Group Holding Company's capital adequacy being at the time inadequate or infeasible, the Group Holding Company has received an irrevocable commitment of direct or indirect extraordinary support from the Public Sector (beyond customary transactions and arrangements in the ordinary course) that has, or imminently will have, the effect of improving the Group Holding Company's capital adequacy and without which, in the determination of (and as notified in writing by) FINMA, the Group Holding Company would have become insolvent, bankrupt, unable to pay a material part of its debts as they fall due or unable to carry on its business.
Redemption due to a Tax Event or Regulatory Event:
Upon the occurrence of a Tax Event or a Regulatory Event at any time after the Issue Date, in whole but not in part, in the sole discretion of the Issuer and at par, together with any accrued and unpaid interest thereon to (but excluding) the relevant Redemption Date. A Regulatory Event will have occurred if any of the Notes ceases to be eligible in full to be (A) treated as Additional Tier 1 Capital, and/or (B) counted towards either the Going-Concern LR Requirement or the Going-Concern RWA Requirement (or both). Please see Condition 1 (Definitions) for the definitions of Additional Tier 1 Capital, Going-Concern LR Requirement and Going-Concern RWA Requirement, and subclause (c)(ii) of Condition 6 (Redemption and Purchase) for the definition of Tax Event.
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