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.


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