UBS Group Offers to Redeem Credit Suisse Senior Notes via $6 Billion Tender Offers

04:13 AM EDT, 09/02/2026 (MT Newswires) -- UBS Group (UBSG.SW) said Wednesday it launched nine concurrent and separate offers to redeem Credit Suisse Group-issued outstanding senior notes, according to a same-day release. The offers cover any and all of the outstanding 750 million pounds sterling of 7.375% notes due 2033, $697.1 million of 6.442% notes due 2028, and $2.25 billion of 4.282% notes due 2028. The Swiss banking group is also looking to repurchase up to $2 billion of six series of notes due between 2029 and 2033 under maximum purchase offers. The group expects to spend $6 billion in total for the redemption, assuming all of the any and all notes are tendered. The offer will run until Sept. 10, with settlement expected by Sept. 14.