v3.26.1
Debt issued measured at amortized cost (Tables)
 6 Months Ended
Jun. 30, 2026
Disclosure Of Financial Liabilities [Line Items]  
Debt issued measured at amortized cost
Debt issued measured at amortized cost
USD m
30.6.26
31.12.25
Short-term debt
1
44,031
33,870
Senior unsecured debt
113,816
122,574
of which: contributes to total loss-absorbing capacity
90,753
89,739
Covered bonds
14,635
11,651
Subordinated debt
2
22,077
17,878
of which: eligible as high-trigger loss-absorbing additional tier 1 capital instruments
21,022
17,551
Debt issued through the Swiss central mortgage institutions
27,635
28,278
Other long-term debt
183
456
Long-term debt
3
178,345
180,836
Total debt issued measured at amortized cost
4,5
222,377
214,706
1 Predominantly consists of debt
with an original contractual maturity
of less than one
year and mainly includes
certificates of deposit and commercial
paper.
2 Includes USD
17.9
bn (31 December 2025:
USD
13.0
bn)
of contingent capital instruments that are subject to equity conversion upon the occurrence
of a contractual trigger event or a contractual viability event and USD
3.8
bn (31 December 2025: USD
4.6
bn) of contingent
capital instruments that are
subject to write-down upon
the occurrence of a
contractual trigger event or
a contractual viability event,
in each case without
prejudice to FINMA's statutory
powers (refer to “Note
1
Summary of material accounting policies” in the “Consolidated financial statements” section of the UBS Group Annual
Report 2025 for more information). The aforementioned contingent capital instruments subject
to write-down are financial instruments with contractual terms that can
change the timing and amount of contractual cash flows and
are required to be disclosed by new disclosure requirements in IFRS
7, effective
from 1 January 2026 (refer
to Note 1).
3 Debt with an original contractual
maturity greater than or equal
to one year.
The classification of debt
issued into short-term and
long-term does not consider
any early
redemption features.
4 Net of bifurcated embedded derivatives, the fair value of which
was not material for the periods presented.
5 Except for Covered bonds (
100
% secured; 31 December 2025:
100
% secured),
Debt issued through the Swiss central
mortgage institutions (
100
% secured; 31 December 2025:
100
% secured) and Other long-term debt (
91
% secured; 31 December 2025:
97
% secured),
100
% of the balance
was unsecured as of 30 June 2026 (31 December 2025:
100
% unsecured).