UBS Buys $7.9 Billion of Credit Suisse Bonds in Biggest Buyback
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
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.
This buyback represents a significant step for UBS as it seeks to manage the financial obligations from its acquisition of Credit Suisse.
UBSCredit Suisse
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“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.”
Bloomberg — UBS Buys $7.9 Billion of Credit Suisse Bonds in Biggest Buyback