UBS buys back US$6.1b of debt, bonds in public tender

December 17, 2015 11:07 AM

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UBS buys back US$6.1b of debt, bonds in public tender

[LONDON] UBS said it purchased about 6.1 billion francs (S$8.7 billion) of senior and subordinated debt in a public tender aimed at lowering interest expenses.

Offers for 14 securities were accepted as of the Dec 15 deadline, UBS said in a statement on Thursday. Switzerland's biggest lender had offered to buy back 17 issues of debt and bonds with an aggregate principal of about 16 billion francs. The bank expects to book an expense of 272 million francs in...

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