UBS: about to redeem two bond issues
(CercleFinance.com) - On Wednesday UBS Group announced that it intends to redeem two senior unsecured bond issues that are due to mature in 2025.
The Swiss private bank says its offer will cover $2bn of fixed-rate debt, to be redeemed on the optional redemption date of 11 September.
The tender also includes the exercise of the redemption option on £750m of debt, again issued at fixed rates on 12 September.
In Zurich, UBS shares were down just under 0.8% on Wednesday morning, the second biggest drop on the SMI index. Note that the share is up 5% YTD.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The Swiss private bank says its offer will cover $2bn of fixed-rate debt, to be redeemed on the optional redemption date of 11 September.
The tender also includes the exercise of the redemption option on £750m of debt, again issued at fixed rates on 12 September.
In Zurich, UBS shares were down just under 0.8% on Wednesday morning, the second biggest drop on the SMI index. Note that the share is up 5% YTD.
Copyright (c) 2024 CercleFinance.com. All rights reserved.