UBS tops issuance with reverse convertibles linked to financials and natural resources

Coal mining by Strategic Natural Resources
Natural resource-based reverse convertibles from UBS

UBS registered 34 reverse convertibles with the US Securities and Exchange Commission (SEC) last week, almost all of which are based on financials or energy and natural resource stocks.

The 15 natural resource and energy-linked reverse convertibles all have short terms, with the longest at one year and the shortest at just three months. There are some hefty returns on offer, with those linked to Alpha Natural Resources and Chesapeake Energy paying annualised rates in excess of 20%.

A three-month

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: