UBS shareholders have bought more than 99% of the shares offered within the bank's £7.9bn rights issue.
The bank recently launched the fundraising to improve its balance sheet after having sustained serious losses from the credit crunch, including a $37bn writedown related to assets linked to US mortgage debt. RBS and HBOS have also recently launched rights issues. As well as raising money from its investors, UBS has also received assistance from investors in Singapore and the Middle East. IFAonline
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