06:03 AM EDT, 09/23/2025 (MT Newswires) -- UBS Group AG ( UBS ) has sold a A$1.25 billion ($824 million) Australian-dollar denominated equity-conversion Additional Tier 1 bond, Bloomberg News reported Tuesday.

The perpetual note was priced at a re-offer yield of 6.375%, compared with about 7% based on the borrower's initial price guidance, according to the report.

The bond is callable on Sept. 29, 2030 and has a first reset date of March 29, 2031, the report said.

Additional Tier 1 bonds are the riskiest type of bank debt and among the highest-yielding notes in the credit market, according to Bloomberg.

UBS declined to comment on the matter.

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