UBS Buys $7.9 Billion of Credit Suisse Bonds in Biggest Buyback

🇨🇭 Bloomberg (CH) —

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UBS Group AG is conducting its largest buyback yet by purchasing $7.9 billion worth of Credit Suisse bonds. This effort aims to reduce the debt load inherited from its acquisition of Credit Suisse, signaling significant financial restructuring.

UBS Group AG is buying back $7.9 billion of old Credit Suisse bonds, its biggest move yet to shrink the debt load it inherited when taking over its crosstown rival.

Markets Deals UBS Credit Suisse bond buyback financial restructuring debt reduction investment banking

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