Another big upsize as UBS Australia tightens domestic debut

On August 18 UBS Australia Branch (UBS Australia) (A+/Aa3/A+) priced a new three-year deal having upsized to A$1.25 billion (US$1.13 billion) from a launch target of A$500 million. This transaction is UBS Australia's first domestic issue and the fourth Australian market deal in two weeks to come from the domestic branch of an international parent bank.