MADRID, 22 Mar. (EUROPA PRESS) -

The Swiss bank UBS has announced an offer to repurchase the debt securities with a maturity of 2028 and 2032 issued last Friday, just a couple of days before the agreement for the acquisition of Credit Suisse, whose aggregate amount amounts to 2,750 million euros.

In this way, UBS wants to acquire the 1,500 million euros in bonds with fixed interest at 4.625% and maturing in March 2028, as well as the 1,250 million euros in debt with interest of 4.750% and maturing in March 2032, which were issued in both cases on March 17, 2023.

"The issuer offers to buy the Bonds at their respective reoffer price in light of the exceptional corporate actions announced on March 19, 2023, shortly after the issue date," said the largest Swiss bank.

In this sense, UBS has indicated that it has decided to launch this offer as a result of a prudent evaluation of recent developments and its long-term commitment to its credit investors.

The offers will begin this Wednesday with an early expiration date of March 28, 2023 and a final expiration date of next April 4, unless extended, withdrawn or terminated at the sole discretion of the issuer.