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UBS Readies For Infusion Of Bond Funds.
- Source :
-
Wall Street Journal - Eastern Edition . 12/23/2008, Vol. 252 Issue 148, pC2. 1p. - Publication Year :
- 2008
-
Abstract
- The article reports that Swiss bank UBS AG will receive a medium-term loan worth two billion Swiss francs from the covered bond bank Pfandbriefbank under a deal facilitated by the Swiss National Bank in 2008. Pfandbriefbank will sell a privately placed covered bond to three retail banks such as Zürcher Kantonalbank, Postfinance and Raiffeisen. The said loan will be supported by Switzerland's prime mortgages.
- Subjects :
- *LOANS
*BONDS (Finance)
*MORTGAGES
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 252
- Issue :
- 148
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 36008639