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“This call is subject to successful completion and pricing of the new AT1 issue announced earlier today for a minimum size of $1.5bn, and approval by our regulator,” the bank said.
“This redemption and replacement is part of our capital and funding plan for 2022, which also includes the plan to issue approximately 0-2 billion (Swiss francs) in high-trigger Tier 1 capital instruments this year,” it added.
